Name the Errors Which the Trial balance cannot detect
Answer Posted / munawar
Trial balance is a statement and its not an account
and Trial balance is compulsory to prepare to check the
athematical accuracy of the books of accounts.
still there may be errors which trial balance cant detect
they are
Error of principles
Error of omission
Error of commision
and Compensation errors
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
fill in the Blanks Share Holders in Company have _____________Liability
WHAT IS PROSPECTUS?
what is Calculation of Depreciation for 4 to 5 Years?
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
what is mean by ledger
Define Salry for the following purpose 1.To calculate HRA
Is depreciation a expense or income?
how to maintain stock if any entry mismatch pllzz tell me short cut
Why we reconcile our debtors? what steps we taken during reconciliation.
Difference between nonoperating expentiture and non cash expenditure
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
What is miscellaneous expense and when it is used
Difference Between Revenue & Capital Expenditure (Give an Example of each )
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690