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 document which contains the internal regulations of a limited liability company is the ...
Provision for doubtful debts is made in conformity with ...
The accounting concept that states that a firm's financial affairs must be separated from that o...
A payment of N150 to a credit ...
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overh...
The fixed amount of money set aside for pretty expenses is called ...
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...