Agreement of Trial Balance is not a conclusive proof of
absence of Errors. Will you support me
- 6 Answers
- 7727 Views
- I also Faced
- E-Mail Answers
Answer Posted / priya
I agree with you as agreement of trial balance is not a
conclusive proof of absence of errors.
The purpose of Tb is to check
arthematic accracy before we prepare Final accounts so here
we are only concerned of tallying debit and credit and not
detecting errors or rectifying them.
By prepering tb it helps us to find errors only
when there is difference between debit amount and credit
amount and it is rectified.
Mr Raju i appreciate your way of questioning but as far
your question is concerned i will support it. And it is
secondary how and when the errors are rectified.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Short Answer on __________Leverage
What is a bad credit score?
explain about mergers & aquisitions? asked on 30/7/09
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
what is automatic payment in sap fico
Why do you want to work for us?
How to Calculate Mortgage?
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
which kind of expenses or Income will come under direct expenses or Income ?
Short Answer on ___________Cash Profit
what are the difference between banking institutions and financial institutions?
Expand---------MRDT
Expand-------ANCS
EXPAND___________NPO
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
