While Scrutinizing the Trial Balance which error will catch
you eye immediately...
Answers were Sorted based on User's Feedback
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 ? | 12 Yes | 1 No |
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 |
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 |
in trial
we are see closing stock
closing stock not a part of trial
| Is This Answer Correct ? | 2 Yes | 0 No |
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 |
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 |
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 |
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 |
WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL RESERVE?
sale tax which place effected
why we use the term profit and loss account instead of profit or loss account
The total sales is more than the production then what is this situation called
Give me total Details of payroll calculation, payslip with examples.
i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotation cost of 50 thousand now the value of fixed asstes is 550000 or only 5 lack, it is right or worng .. pls cleare my question
how to create a profit and loss a/c
WHAT IS ER-1, ER-2, ER-3, ER-4, ER-5,ER-6,ER-7
What is suspense Account?
22 Answers Accenture, Amazon, Genpact, IBM, manappuram, TN,
institutional investors?
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm