If a trail balance is in agreement, one of the statement ...
If a trail balance is in agreement, one of the statement is untrue
The accounting system is error free
Equal debit entries and credit entries were recorded for each transaction
The debit and credit from the journal were posted to the accounts
Account balances were correctly computed
Correct answer is A
Agreement of trial balance does mean it is error free. Some errors might not be disclosed by mere agreement
Cost classification in relation to charges is determined by the level of? ...
One of the characteristics of useful accounting information is------ ...
What is the amount of capital employed? ...
When the going concern concept is no longer applicable, the fixed assets are recorded at their ...
The maximum amount a company can raise through the issue of shares is ...
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit ...
How much selling and distribution expenses is apportioned to department M? ...