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
The double entry for refund of unsuccessful application monies is debit ...
Goods sent to branch are recorded in the head office's books at i. selling price ii. cost price ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} &am...
\(\begin{array}{c|c} & Le\\ \hline \text{Construction and hospital wards} & 300,000\\ \text{...
The basis of accounting for public sector is ...
Accumulated fund on 1st January 1993 is ...
The principle of double entry developed from the axioms of accounting equation is given as ...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
Akirika bought a motor van for his business by cash. The entries are to debit ...