MCQ
_________ errors affect agreement of trial balance.
  • A
    Omission in casting
  • B
    Errors of balancing
  • C
    Errors in totalling the trial balance
  • All the three

Answer

Correct option: D.
All the three
Below errors affect the agreement of trial balance:
Omission in casting:
Example- Sales daybook is totalled as Rs.4500 while posting in sales ledger instead of Rs.5400.
The error of balancing:
Example-Creditors a/c is wrongly balanced as Rs.3600 instead of Rs.36000.
Errors in totalling the trial balance:
Example- Trial balance is wrongly totalled as Rs.56450 instead of Rs.65450.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free