INTERVIEW QUESTIONS ACCOUNTING PROCESS TRIAL BALANCE DETAILS

Question: What is the mechanical advantage of a double pulley?

Answer: (d) Interpretation
Description: Preparation of the Trial Balance is the third phase in the over- all accounting cycle which incorporates recording, summarizing and classifying. Interpretation comes into picture after the preparation of trial balance, hence it is not a process in preparation of Trial Balance.

(d) Interpretation
Description: Preparation of the Trial Balance is the third phase in the over- all accounting cycle which incorporates recording, summarizing and classifying. Interpretation comes into picture after the preparation of trial balance, hence it is not a process in preparation of Trial Balance. Source: CoolInterview.com

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