A trial balance balances. This is proof that there are no mistakes in any ledger. True/False?
Question:
A trial balance balances. This is proof that there are no mistakes in any ledger. True/False?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
False The fact that a trial balance balances does not necessarily prove that there are no mistakes i...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
You are an arbitrager active in the market for oil. Suppose that the current price of oil is $60 per barrel, your cost of borrowing is 3% annually and your cost of storing oil runs at $1.30 per...
-
On July 1, 2017, Soner Co. purchased a delivery truck for $324,000. At the time, the truck was estimated to have a useful life of eight years and a residual value of $36,000. On March 1, 2022, the...
-
Two cricket teams of Lahore city play a tournament; it is decided that the team which wins 4 games first, announced as the winner of the tournament. One team is strong while the other is a week,...
-
Division A of ABC, Inc. produces part TZ20 that is used by Division B in the manufacture of product 100BD.Below is a summary of the manufacturing costs of the TZ20 part: Direct Labour $8.00 per unit...
-
Dan Aykroyd Corp. was a 30% owner of Steve Martin Company, holding 210,000 shares of Martins common stock on December 31, 2013. The investment account had the following entries. On January 2, 2014,...
-
Genatron Manufacturing expects its sales to increase by 10 percent in 2016. Estimate the firms external financing needs by using the percent-of-sales method for the 2015 data. Assume that no excess...
-
You shape a flexible wire into a loop of initial radius \(r_{\mathrm{i}}=30 \mathrm{~mm}\). You then place the loop in a uniform magnetic field and pull the two ends of the wire in opposite...
-
Sharpton Fabricators Corporation manufactures a variety of parts for the automotive industry. The company uses a job-order costing system with a plantwide predetermined overhead rate based on direct...
-
* Select the jobs of the operating system many answers Manage CPU and Memory Provide computer with power Provide user interface Cool down the computer
-
What is the purpose of extracting a trial balance from the ledgers?
-
In which ledger would you expect to find the sales returns account?
-
In Table 3.6, what exact score falls at the 25th percentile rank? Use the appropriate formula. Table 3.6 Cumulative Relative Frequency for Statistics Test Scores Score 98 96 94 93 92 91 90 89 88 87...
-
Respond to the Ethical and Public Policy issue on page 159. Tennessee is one of the states that still recognizes tenancy by the entirety. ETHICAL AND PUBLIC POLICY ISSUES Should the Tenancy by the...
-
1.) Pineapple Inc. issued a common stock for $30,000 and ended the period with net cash from financing of -$5,000. If the only other financing company was a payment of cash dividend, what is the...
-
Directions: Read and answer the question below. The Assignment is due on February 6, before class. Your answers should be in paragraph form and in Arial, 11 point font. Your answer should be between...
-
4.4.4. The shareholders of Zedzee Pty Ltd are Sufyaan (10 shares), Shahedah (10 shares), Hilton (10 shares) and Sue (10 shares). The directors are Sufyaan and Shahedah. Upon registration, Zedzee...
-
Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Purchased and paid for merchandise. The invoice amount was $14,200; assume a perpetual...
-
Positive signs: 172; negative signs: 439; ties: 0 (from challenges to referee calls in the most recent U.S. Open tennis tournament) Assume that matched pairs of data result in the given number of...
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
The bank columns of Leslie Vines cash book are as follows: Leslie received his bank statement on 4 July. Prepare a bank reconciliation statement at 30 June. Dr 1 June 8 June 16 June 30 June 1 July...
-
The bank columns of Vera Dawsons cash book are as follows: Vera received her bank statement on 4 February. Make any adjustments to Vera Dawsons cash book. Prepare a bank reconciliation statement at...
-
The bank columns of Matthew Carter are as follows: Required (a) Make any necessary adjustments to Matthews cash book. (b) Prepare a bank reconciliation statement at 31 October. Dr 1 Oct 3 Oct 7 Oct...
-
Choose a company in this case healthy food.ca for which you might be interested in running a paid search campaign. Describe what your goal for paid search would be and how you would measure success....
-
A client wants to conduct in-person focus groups with teenagers (youths), regarding their " Experience with Bullying ". The project must include representation from across Canada, and must be...
-
Explain the answers to the questions given. If the question has multiple sections, mention each section before providing answer for it. Question 41 (2 points) The following are cost and revenue...
Study smarter with the SolutionInn App