CA/CS Foundation MCQ Question Accounting ProcessIII
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Test Preparation on CA/CS Foundation MCQ Questions Accounting ProcessIII
1.
Which of the following statementis false?
1
A trial balance has no statutoryimportance from the viewpoint of law.
2
A trial balance is prepared toensure the arithmeticalaccuracy of the records of abusiness.
3
A trial balance shows onlybalances of assets from theview point of law.
4
A trial balance is a summary ofall the balances of generalledger accounts on a particulardate.
2.
Under method trialbalance contains a list of all ledgeraccounts with their Debit andCredit totals on a particular day.
1
Balance
2
Total
3
Total and balance
4
None of the above
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