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Criticisms of Alleviation Programmes

State whether...

Question

State whether the following statements are True or False:
Errors of commission do not allow the trial balance to agree.

A

True

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B

False

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Solution

The correct option is A True
True , Error of commission do not allows trial balance to be agreed or tallied.
The errors which are committed due to wrong posting of transactions, wrong totaling or balancing of the accounts, wrong casting of the subsidiary books, or wrong recording of amount in the books of original entry, etc. are called errors of commission.

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Q. State with reasons whether the following statement is true or false:
Compensating errors do not disturb agreement of Trial Balance.

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Compensating errors affect the agreement of trial balance.

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ECONOMICS

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Criticisms of Alleviation Programmes

Standard XII Economics

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