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Related Questions |
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How do you configure a special GL indicator for Customer?
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Closing stock in the trial balance implies that.
a) It is already adjusted in the opening stock
b) It is adjusted in Sales A/c.
c) It is adjusted in the Purchase A/c.
d) None of these
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Bhandari's trial balance was showing difference of Rs. 5,000 ( debit side exceeds). While checking of total sales register, he found that the total is over- cast by Rs. 2,000. After correction in sales register what would be the difference in his trial balance.
a) Debit side exceeds by Rs. 7,000
b) Debit side exceeds by Rs. 5,000
c) Debit side exceeds by Rs. 3,000
d) Credit side exceeds by Rs. 3,000
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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
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Trial Balance creates ________ accuracy.
a) Principle
b) Arithmetical
c) Clerical
d) None
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Which of the following in Trial Balance is contradictory to each other?
a) Inventory and Drawings
b) Sales and Purchase Return
c) Carriage Inward and Outward
d) Trade Receivable and Liability
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What is the mechanical advantage of a double pulley?
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A list which contains balances of accounts to know whether the debit and credit balances are matched.
a) Balance Sheet
b) Day Book
c) Journal
d) Trial Baalnce
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Can we change the reconciliation account in the vendor master?
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Trial Balance is prepared on : a) End of the year b) A particular date chosen c) Daily Basis d) Once in each five years
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A Trial Balance contains the balances of:
a) Only personal and real accounts
b) Only real and nominal accounts
c) Only nominal and personal accounts
d) All accounts
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Trial Balance under balance method is known as:
a) Gross Trial Balance
b) Net Trial Balance
c) Simple Trial Balance
d) Trial Balance Appropriation
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Difference of totals of both debit and credit side of trial balance is transferred to:
a) Trading Account
b) Suspense Account
c) Difference Account
d) Miscellaneous Account
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The trial balance of M/S RAM & Co. shows closing stock of Rs. 30,000. It will be recorded in:
a) Trading Account
b) Profit and Loss Account
c) Balance Sheet
d) Both (a) and (c)
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The preparation of trial balance is for:
a) Locating errors of commission
b) Locating errors of principle
c) Locating clerical errors
d) All of the above
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Trial Balance is a:
a) Statement
b) Account
c) Summary
d) Ledger
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How do you configure the automatic payment program?
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