If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting.

If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting. Correct Answer Arithmetic accuracy

If debit balances = credit balances, trial balance only shows or checks the Arithmetic accuracy and it does not indicate that no errors were made during recording and posting.
Bissoy MCQ

Related Questions

An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as
Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet.
Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit & loss a/c or in the balance sheet.
Now, select the correct answer:
Debit balance = Credit balance in a trial balance indicates that
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রাবেয়া সার্ভিসেস হিসাব লিপিবদ্ধকরণ প্রক্রিয়ায় নিম্নলিখিত ভুলগুলো করেছে। এসব ভুলের কোনটির জন্য রেওয়ামিল মিলবে না? (Rabeya Services has made the following errors in its recording process. For which of the errors the trail balance would not balance?)
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The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .