Rectification of mistake is necessary to tally the Trial Balance.

True

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False

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Solution

The correct option is A True
True. The trial balance is prepared to check the arithmetical accuracy of the books of accounts and if there are any errors which are not compensating or omitted the trial balance won't tally. Hence, Rectification of a mistake is necessary to tally the trial balance.

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Similar questions

Q. State with reasons whether the following statement is true or false:
Rectification of errors are necessary to tally the trial balance.

After the corrections have been made, a revised Trial Balance is prepared which should normally tally. But, if it does not tally, it means there are still some errors which have not been detected. In such situation the usual practice is to place the difference to ___ Account and tally the Trial Balance for the time being.

Which of the following errors effect the Trial Balance i.e. Trial Balance do not tally due to which of the following errors?

Q. A trial balance will not tally if _______.

Q. Mistake in transferring the balance of an account to the trial balance or omitting to write ,the balance of an account in the trial balance is ________.

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Rectification of mistake is necessary to tally the Trial Balance.

The correct option is A TrueTrue. The trial balance is prepared to check the arithmetical accuracy of the books of accounts and if there are any errors which are not compensating or omitted the trial balance won't tally. Hence, Rectification of a mistake is necessary to tally the trial balance.

The correct option is A True
True. The trial balance is prepared to check the arithmetical accuracy of the books of accounts and if there are any errors which are not compensating or omitted the trial balance won't tally. Hence, Rectification of a mistake is necessary to tally the trial balance.