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Question Practice

If a debit entry of ₹5000 is recorded as ₹500, what should be the investigation focus?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Trial Balance and Rectificatio...
Question Bank

If a debit entry of ₹5000 is r...

Single Answer MCQ
Q-00054173

If a debit entry of ₹5000 is recorded as ₹500, what should be the investigation focus?

1

Checking multiple copies

2

Comparing to earlier records

3

Verifying multiple accounts

4

Looking for errors divisible by 9

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Q1.

What is the primary purpose of preparing a trial balance?

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Q2.

Which of the following should be included in a trial balance?

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Q3.

Which step is NOT part of preparing a trial balance?

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Q4.

What does a trial balance indicate if the debit and credit totals do not equal?

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