Which of the following is not true of a trial balance?
Which of the following is not true of a trial balance?
List taken of the account balance in the general ledger
Proof of the arithmetical accuracy of the ledger postings
Summary of data for the preparation of financial statement
List of account abstracted from a subsidiary ledger to check their agreement with the related control account
List of balances ensuring that the accounts are correct
Correct answer is D
No explanation has been provided for this answer.
The process of recording financial transactions of government is ...
The process of distributing shares to successful applicants is......... ...
An overdraft is usually shown as a ...
The receipt whose name appears on a cheque is called a ...
The tier of government that uses financial memorandum ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
\(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} &...