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While Scrutinizing the Trial Balance which error will catch
you eye immediately...
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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 |
EXpand-------KGF
diff. between accounts & finance
what is meant by factorising
The opening Capital of a concern is Rs.30000/- owner withdral for personal use Rs.28000/- Closing capital balance of concern is Rs.37000/- choose the correct answer from the following. 1.Net Loss Rs.14000/- 2.Net Profit Rs.35000/- 3.Net profit Rs.14000/- 4.Net Loss Rs.35000/-
why do we charge the depreciation
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?
WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C
Three steps for correction in BRS?
EXPAND_______________TSI
What is BRS, with an example?
Audit 
