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Trial Balance and Rectification of Errors — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTrial Balance and Rectification of Errors1 Mark
MCQ
_______ is the most widely used method in practice.
  • A
    Total Method
  • ✓
    Balance Method
  • C
    Totals-cum-balances Method
  • D
    None of the above
✓

Answer

Correct option: B.
Balance Method
Under balances method trial balance is prepared by showing the balances of all ledger accounts and then totalling up the debit and credit columns of the trial balance to assure their correctness. Balances Method is the most widely used method in practice.

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