even if trial balance matches there could be error explain?

Answer Posted / satyaki_raju@yahoo.com

Even if Trail balanced tallies ther could be scope for
errors . trail balance helps us to know the arthimatical
accuaracy of the books of accounts. There is every scope
for Errors of principle,Errors of commission Compensating
errors those can be detected only thru thorough audit

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Under the accrual basis of accounting incomes are recognised at the time -------------------

1598


How do you handle lack of direction or working in chaos

1569


1. Fdr mature with interest

1355


hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in

1551


Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

1557






Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2384


Should I have perfect credit score, that is, above 800 credit score?

1365


Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not

5462


What does my credit score mean?

1484


Short Answer on _________Financial accounting

1422


What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.

1688


business sepsarate entity concepts

1681


Define Salry for the following purpose 1.To calculate HRA

1731


WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS

1779


what is circuit filter?

1483