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TRIAL BALANCE RECONCILATION

<p>Which TWO of the following errors would cause the total of the debit column and the total of the credit column</p> <p>of a trial balance not to agree?</p> <p>(1) A transposition error was made when entering a sales invoice into the sales day book</p> <p>(2) A cheque received from a customer was credited to cash and correctly recognised in receivables</p> <p>(3) A purchase of non-current assets was omitted from the accounting records</p> <p>(4) Rent received was included in the trial balance as a debit balance</p> <p>A1 and2</p> <p>B1 and3</p> <p>C2 and3</p> <p>D2 and4</p> <p> </p>

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Question ajoutée par Ibtisam Haider Syed , General Accountant , DAR AL AQAR REAL ESTATE LLC
Date de publication: 2014/11/20
Judie Ann Bongawan
par Judie Ann Bongawan , Acting Supply Officer II , National Food Authority

B

Jamil Ahmed Khan
par Jamil Ahmed Khan , qc qa mechanical project inspection engineer , Saudi Aramco

It is a reconciliation of entire accounts (Debit & Credit) of an organization, Trial balance is the reconciliation of debit and credit transactions and it measures the arithmetic accuracy. ‎        

Yajna Sapkota
par Yajna Sapkota , Manager , Cooperatives organization

Trial balance is the reconciliation of debit and credit transactions and it measures the arithmetic accuracy.

Ebad Ullah  Hamsher Ullah
par Ebad Ullah Hamsher Ullah , Deputy Chief Accountant Cum Admin , M/s RIZWAN GROUP

It is a reconciliation of entire accounts (Debit & Credit) of an organization

Umer Sharif
par Umer Sharif , Head Of Accounts Dept , Allied Petroleum Pvt Ltd

Option "B"

Majeed Thuppath Mohammed Koya
par Majeed Thuppath Mohammed Koya , Manager - Commercial and Accounts Receivable , Autorent-Easy Drive Car Rental Company

B

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