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Agreement of Trial Balance is not a conclusive proof of
absence of Errors. Will you support me
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Answer Posted / satyaki_raju@yahoo.com
Priya thanQ for the question. The errors which were not
detected by TB will be known only thru thorough audit.They
will come out only thru verifying of statements sent by the
supplires and bankers.Then rectrification entry can be
passed as required.
I am a Tax Practioner at Hyderabad.
Recently I wrote a book on Interviews mainly based on
commerce. My concept purely based on practicality. You can
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satyaki_raju@yahoo.co.in
satyakiraju@gmail.com
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Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
