Mathematically, correct trial balance means: - Vidyadip

MCQ

Mathematically, correct trial balance means:

A
excess balance on debit side le
B
excess balance on credit side
✓
indentical total on both sides
D
zero total on both sides

✓

Answer

Correct option: C.

indentical total on both sides

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

Explore more

More "MCQ .(1 Marks)" from P1 C10 Trial Balance→P1 C10 Trial Balance — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is bad debt return for business?

Amount payable to third party on account of credit purchase of goods is known as $........$

In which account interest on investments of permanent fund will be recorded?

Depreciation indicates $………$ in useful value of asset.

How many types of errors, which do not affect the trial balance, are there?

Krupa Corporation entered into agreement on $01-06-2016$ for purchase of a Factory Building for $?\ 5$ crores from Anil Enterprise. Actual payment of $?\ 5$ crores was made and deed for this transaction was executed on $15-06-2016$ when the market value of this factory building had gone up to $?\ 6$ crores. Even though the value has increased to $?\ 6$ crores, this transaction will have to be recorded only at $?\ 5$ crores in the books of accounts based on $..........$ Concept.

Which reserve is created for paying specific liability of business?

If bills receivable are discounted with bank is dishonored; not recorded in cashbook bank balance as per cashbook compared to pass book is ____________ .

Which voucher will be prepared by traders at the time of sales goods returned?

Which of the following is an example of nominal account ?