Interested to Buy Any Domain ? << Click Here >> for more details...
describe how accuracy in trial balance is a prime objective
for preparing the financial statements?
- 2 Answers
- 6433 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Trial Balance shows the airthmatical accuracy . if there is
any specefic kind of error occur in trial balance then
balance will nt be tally.. bt in some case(error of
ommission etc.) it'll be.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / rajiv sabharwal
Trial balance is an initial step of discovering the balances
of each and every account prepared during the accounting
period and is the base of every report prepared after that.
Though few errors can't be traced out but still Trial
Balance give the accurate position and reflects errors that
can be detected at an initial stage.
Therefore Trial Balance plays an important role for all the
other reports.
| Is This Answer Correct ? | 4 Yes | 1 No |
Define Accrual & what is accrual interest?
What is the TDS ratio & TDS chart plz provide me TDS amt & percentage & Ration my id - hansika.kk@gmail.com
3 Answers Sasken, Shriram, Shriram Finance,
in tally where depreciation can shown? and how it can be shown?
what is meant by screenlayout in asset accunting
why did rbi hiked repo and reverse ratio and how it will effect the market
Received a cheque of Rs 75000/- from Kirthi traders on behalf of anurag traders for material supply
EXPAND_________SEWAS
What is entry in TALLY for newly bank A/c open for company at starting of business?
Does Operating Cost include Taxes - Direct or Indirect?
I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
EXPAND___________NSDL
Audit 
