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CBSE Class 11-commerce Answered

A trial balance is not an absolute proof of the books of accounts. Justify the statement.
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
answered-by-expert Expert Answer

A trial balance is not an absolute proof of the accuracy of the books of accounts because there are certain errors which are not disclosed by the trial balance. It can remain unaffected even if the balance of the trial balance statement is in agreement. A tallied trial balance does not indicate that all the transactions are recorded and posted correctly in the books.

Answered by | 25 Jul, 2016, 03:35: PM
CBSE 11-commerce - Accountancy Part I
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CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
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CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 25 Jul, 2016, 01:35: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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