Trial Balance is prepared on a particular date, therefore the words ____ are used
As at .....
As on.....
None of these
All of these
When sale of goods is not recorded it is
An error in posting
Error of omission
Error of Commission
Error of principle.
Goods sold Rs. 500/- is omitted to record the books of accounts are examples of
Errors of commission
Errors of principles
Duplicating error
Errors of Omission
If Suspense account shows debit balance it will be shown in the __________ side of balance sheet.
Asset
Liabilities
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 error in the book
There may be both two sided and one sided errors in the books.
___________ forms a connecting link between the ledger account and the final account.
Journal
Ledger
Trial balance
Balance sheet
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 mistake is committed unintentionally or innocently due to ignorance of accounting principles or due to earliness of an accountant such mistake are called
Fraud
Error
Both of these
Under ______ method, the debit and credit total of each account are shown in two respective amount column.
Gross Trial Balance
Total amount
Both a and b
Balance method of preparing trial balance is other wise known as
Net trial balance
Gross trial balance
Net cum balance method
