Which of the following describes a trial balance?
...Which of the following describes a trial balance?
It is a special account
It is a list of balances in the books
It reveals the financial position of a business
It shows all the entries in the books of a business
Correct answer is B
A trial balance is a bookkeeping or accounting report that lists the balances in each of an organization's general ledger accounts.
i. cash at bank ii. cash in hand iii. premises iv. land ...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...
\(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\ & D & D \\ \hline \text{Stock} & 1,46...
Commission-on-turnover is charged on? ...
The cash realized from the sale of asset on dissolution of partnership is ...
When shares are sold at more than the par value, they are said to have been issued at ...
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Ca...