While Scrutinizing the Trial Balance which error will catch
you eye immediately...
- 8 Answers
- 16810 Views
- Amtex, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kk
While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.
For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / raju
Difference between the total of debit amounts and credit
amounts. Firt we have to check total of debit amount and
credit amount
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / ashish
Well according to me if we look at this question
pragmatically, the first mistake to catch our eye would be
the casting difference, if any in the Trial Balance.
| Is This Answer Correct ? | 2 Yes | 0 No |
in trial
we are see closing stock
closing stock not a part of trial
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / suhasini modagi
Well According to me while scrutinizing the Trial Balance ,
the very first comes 2 our reference is of gross profit,
bcz Trial bal is carry on of P and L A/c .
Plz rectify the answer
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nagireddy
Expenses and asset will show Dr balances and Liabilities
and income will show credit balances. in TB if it is shown
vice versa then we can catch error easily
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / subhash pathak(accounting worl
While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.
For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / alpesh
while such a Q. comes the eyes always first goes on the
wheather the entry is of real or personal a/c/
| Is This Answer Correct ? | 1 Yes | 1 No |
why you choose accounting as your career ? ?
Tell us something about Sinking Fund.
What is diff. between mutual fund and security?
1. What is Derivative ? And types of Derivatives ? 2. What is Investment Banking ? 3. What is Capital Market ? 4. What is Sensex ? And what is Index ? 5. What is PE Ratio ? 6. What is Interest Rate Swap ? 7. What is the difference between Forex & Stock Exchange ?
what is the salary of accounts assistant ( Fresher ) in lokmanya multipurpose co-operative society ltd ?
hi i am appliying for job of accounts executive in dubai, and i dont have much exp in SAP fi/co End user plz any one can give me the transaction codes of for end user sap AR/AP & GL and about automatic payment programme , thnks in advance gurus ,plz mail me on my id afreenjuvriya@yahoo.com
WHAT IS DIRECT EXPENSES
how much is the salary for a BANK PO ? how much do you get actuly in hand?
What do you mean by pecuniary transaction?
Short answer on Allowances
Define the PROFIT.
what is the difference between secured loan and unsecured loan. please explain
Audit 
