INTERVIEW QUESTIONS ACCOUNTING PROCESS TRIAL BALANCE DETAILS

Question: Which of the following will not affect the agreement of Trial Balance? a) An amount of purchase of Rs. 10,000 recorded in Cr. A/c as Rs. 1,000 b) Customer account debited with the amount of cash received c) An entry of debit of Rs. 1,000 was credited with twice the amount d) An entry posted twice in the ledger

Answer: (d) An entry posted twice in the ledger
Description: An entry posted twice in the ledger will not affect the agreement of trial balance as both the debit and credit side will increase with the same amount.

(d) An entry posted twice in the ledger
Description: An entry posted twice in the ledger will not affect the agreement of trial balance as both the debit and credit side will increase with the same amount. Source: CoolInterview.com

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