Agreement of Trial Balance always proves accounting accuracy.

Question

Agreement of Trial Balance always proves accounting accuracy.

State whether the following statements are ‘True or False’ with reasons:

Monjur Alahi

7 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

Even though the Trial balance is tally there may be some mistake like the complete omission of transaction or compensatory error so Agreement of Trial Balance does not always prove accounting accuracy.

7 views Answered 2023-02-05 15:29