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While Scrutinizing the Trial Balance which error will catch
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Answer Posted / raju
Difference between the total of debit amounts and credit
amounts. Firt we have to check total of debit amount and
credit amount
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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
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