Trial Balance is prepared with a view to verify arithmetical accuracy.

True

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False

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Cannot say

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None of these

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Solution

The correct option is A
True

Trial balance is defined as a statement showing the balances, or totals of debits and credits, of all the accounts in the ledger with a view to verify arithmetical accuracy

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Similar questions

Is it correct to say that a trial balance is only a prima facie evidence of arithmetical accuracy of records ?

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

Q. State whether the following statement is True or False.
A Trial balance shows only arithmetical accuracy.

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

Q. State whether the following statement is True or False.
A Trial balance does not ensure accounting accuracy.

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Trial Balance is prepared with a view to verify arithmetical accuracy.

The correct option is A True Trial balance is defined as a statement showing the balances, or totals of debits and credits, of all the accounts in the ledger with a view to verify arithmetical accuracy

The correct option is A
True

Trial balance is defined as a statement showing the balances, or totals of debits and credits, of all the accounts in the ledger with a view to verify arithmetical accuracy