Debit balance = Credit balance in a trial balance indicates that:?

Accounting Mcqs
BILAL KHATTAK0

A. No error in recording transactions
B. No error in posting entries to ledger accounts
C. Account balances are correct 
D. Mathematically Capital Liabilities=Assets

Related Mcqs:

  1. Which of the following statements is correct about Trial Balance??
  2. Trial balance is prepared to check accuracy of_______________??
  3. Which of the following account with normal balance is shown at the debit side of a trial balance??
  4. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.?
  5. Which of the following errors affects the agreement of a Trial Balance??
  6. Double entry implies that?
  7. Which of the following is true about a trial balance??
  8. Which of the following is true regarding closing entries??
  9. Which of the following is known as the base for preparing trial balance??
  10. Which of the following is true??

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