An error involving wrong totaling of special books shall be revealed by the Trial Balance. Is this statement correct?
Yes, it is correct
No, it is not correct
Both A & B
None of the above
An error involving wrong totaling of special books shall be revealed as the trial shall not tally in this case.
An error involving an excess credit to an account shall be revealed by the Trial Balance. Is this statement correct?
Errors of commission of posting of wrong amounts in both the accounts can be revealed by Trial Balance. Is this statement correct?
If there is a compensating error in books, then the totals of debits & credits shall not tally in the Trial Balance. Is this Correct?
In case of Errors of Principle, there is no effect on the Trial Balance as the amounts are placed on the correct side of the Trial Balance though in wrong accounts. Is the above statement correct?
When an amount is posted on the wrong side, is this error revealed by Trial Balance?