Trial Balance is prepared on a particular date, therefore the words ____ are used
As at .....
As on.....
None of these
All of these
If errors are not located before the preparation of trial balance in such a case ______ are not required
Rectifying entries
Adjusting entries
Opening entries
closing entries
Which of the following is a clerical error
Error of Omission
Error of Commission
Compensatory error
________ errors will affect the total of trial balance .
Two sided error
One sided error
Both of these
Repairs to machinery debited to machinery Account is
Error of principle
Error in posting
Error in recording
A trial balance is prepared _____
After preparation of financial statement
After recording transaction in Subsidiary book
After posting to ledger is complete
After posting to ledger is complete and accounts have been balanced.
If two sides of trial Balance shows an equal balance it is presumed that the ________ to the ledger are accurate.
Balancing
Posting
Journalising
If a transaction is recorded twice in the books of accounts, such error are called _________________.
Error of duplication
Error of posting
An error which occur simultaneously in two account as one account has been wrongly debited and another account has been wrongly credited is known as _______ errors.
One sided
Two sided
If the trial balance agrees. It implies that ___________
There is no error in the books
There may be two sided errors in the book
There may be one sided errors in the book
There may be both two sided and one sided in the books
