Question

State with reasons whether the following statement is true or false:
Tallying of the Trial Balance only proves arithmetical accuracy.

• A. True
• B. False

Answer 1

The correct option is B False

To ascertain the arithmetical accuracy of the ledger accounts. However, the tallying of the trial balance is not a conclusive proof of the accuracy of the accounts. It only ensures that all debits and the corresponding credits have been properly recorded in the ledger.