While Scrutinizing the Trial Balance which error will catch
you eye immediately...




Answers were Sorted based on User's Feedback



While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / kk

While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.

For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...

Is This Answer Correct ?    11 Yes 1 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / raju

Difference between the total of debit amounts and credit
amounts. Firt we have to check total of debit amount and
credit amount

Is This Answer Correct ?    6 Yes 2 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / ashish

Well according to me if we look at this question
pragmatically, the first mistake to catch our eye would be
the casting difference, if any in the Trial Balance.

Is This Answer Correct ?    2 Yes 0 No




While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / deepak jain ca

in trial

we are see closing stock

closing stock not a part of trial

Is This Answer Correct ?    2 Yes 0 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / suhasini modagi

Well According to me while scrutinizing the Trial Balance ,
the very first comes 2 our reference is of gross profit,
bcz Trial bal is carry on of P and L A/c .
Plz rectify the answer

Is This Answer Correct ?    2 Yes 0 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / nagireddy

Expenses and asset will show Dr balances and Liabilities
and income will show credit balances. in TB if it is shown
vice versa then we can catch error easily

Is This Answer Correct ?    2 Yes 1 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / subhash pathak(accounting worl

While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.

For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...

Is This Answer Correct ?    1 Yes 0 No

While Scrutinizing the Trial Balance which error will catch you eye immediately.....

Answer / alpesh

while such a Q. comes the eyes always first goes on the
wheather the entry is of real or personal a/c/

Is This Answer Correct ?    1 Yes 1 No

Post New Answer



More Accounting AllOther Interview Questions

what do you mean by working capital?

13 Answers   Capital IQ,


What is service tax(input Credit)?

1 Answers  


WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.

3 Answers   Genpact,


who are minority share holders or what is minority shareholders?

2 Answers   Thomson,


what is trailbalance..?

16 Answers  






who introduces the single entry format?

0 Answers  


Revenue from sale of products is generally realized in the period in which 1.Cash is collected 2.When sale is made

3 Answers  


What is meant by sensex?

7 Answers   TCS,


what is meant by credit derivative?

1 Answers   Wipro,


entries of Bills in advance and bills in arrears?

1 Answers   IBM,


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

0 Answers  


tax on raw material is direct expense or indirect expense

4 Answers  






Categories