Accountıng I Deneme Sınavı Sorusu #1313646
Which of the following statements is true for "trial balance"?
|
The trial balance does not prove the mathematical equality of debits and credits |
|
A trial balance is a list of accounts and their balances at a given time |
|
The primary purpose of a trial balance is to prove that the debits are not equal to the credits |
|
A trial balance has only one column listing the names and the balances of all the accounts |
|
A trial balance is an extermal document used only by company outsiders. |
A trial balance is a list of accounts and their balances at a given time. The trial balance proves the mathematical equality of debits and credits after posting. The primary purpose of a trial balance is to prove (check) that the debits equal the credits after posting.The trial balance does not prove that the company has recorded all transactions correct. There may be errors in classification or measurement even the equality is provided. It indicates only that the debits and
the credits are equal.
Yorumlar
- 0 Yorum