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
If suspense account does not balance off even after reconciliation of errors, it implies that:
There are same one sided errors only in the books yet to be located.
There are no more errors yet to be located.
There are some two sided errors only yet to be located.
There may be both one sided errors and two sided errors yet to be located.
If two sides of trial balance shows an equal balance, it is presumed that:
the balancing to the ledger are accurate
the posting to the ledger are accurate
the journalising to the ledger are accurate
the transferring to the ledger are accurate
Trial balance is a tabulation of the balances of all the accounts on a:
Particular period
Particular date
Particular month
All of these
Under casting of sales book is corrected by:
Debiting sales account
Debiting personal account
Crediting sales account
Crediting personal account
