passwella.
Menu

GCE Financial Accounting 1990 Question 2

Question 2

Trial Balance

A trial balance is a proof of

  1. A.arithmetical accuracy of postings only
  2. B.accurate narration of the journal entries
  3. C.accuracy of the debit entries
  4. D.accuracy of the credit entries
  5. E.accuracy of ledger entries.
Show the answer and explanation

Answer: A (arithmetical accuracy of postings only)

Explanation

A trial balance only shows that debits equal credits; errors such as omission or principle can still be hidden.