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.

A Arithmetic accuracy
B Errors of commission
C Omissions of economic events
D Understatements of balances

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
#Commerce #Accounting

Related Questions

Ten new television shows appeared during the month of September. Five of the shows were sitcoms, three were hour-long dramas, and two were news-magazine shows. By January, only seven of these new shows were still on the air. Five of the shows that remained were sitcoms.
A Only one of the news-magazine shows remained on the air.
B Only one of the hour-long dramas remained on the air.
C At least one of the shows that was cancelled was an hour-long drama.
D Television viewers prefer sitcoms over hour-long dramas.
Which shortcut key is pressed and then 'yes' is given in 'Use Debit/Credit Noted' to post entry in Credit Note and Debit Note in Tally
A Alt + F11
B F11
C F12
D Alt + F12
Milo has the year-end balances as follows: Account receivables TA. 5000; Supplies TA. 12,000; Equipment's TA. TA. 18,000; Accounts payable TA. 17,000 and Owner's equity TA. 43,000. The cash account balance was not available at year-end, Given the account balances listed, the balance in the cash account should be:
A TA. 25,000
B TA. 95,000
C TA. 43,000
D Can't be determined
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?)
A সেবা প্রদান ২০,০০০ টাকা জাবেদাভুক্ত হয়নি (Services provided worth Tk.20,000 were not journalized)
B দেনাদারের কাছ থেকে প্রাপ্ত ১০,০০০ টাকা খতিয়ানভুক্ত হয়নি (Tk. 10,000 received from debtors was not posted to ledger)
C মারুফকে প্রদত্ত ৫,০০০ টাকা মাসুদের হিসাবে লেখা হয়েছে (Tk. 5,000 paid to Maruf was recorded in the account of Masud)
D কর্মচারীকে প্রদত্ত বেতন ১৫,০০০ টাকা বেতন হিসাবে ডেবিট করা হয়েছে ১০,০০০ টাকা (Tk. 15,000 paid to the employees as salary was debited to salaries account with Tk.10,000)
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
A Tk 0
B Tk 4,500
C Tk 11,500
D Tk 23,000
E None of these
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.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
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 .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
Which of the following account with normal balance is shown at the debit side of a trial balance?
A Rent income account
B Creditors account
C Unearned income account
D Cash account
Milo has the year- end balances as follows Account receivables TA/ 5000 . Supplies TA. 12,000 Equipment's TA. 18,000 Accounts payable TA. 17,000 and Owner's available at year-end Given the account balances listed. the balance in the cash account should be:
A TA.25,000
B TA.95,000
C TA.43,000
D can't be setermined

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