If a trail balance is in agreement, one of the statement is untrue
FINANCIAL
JAMB 2015
If a trail balance is in agreement, one of the statement is untrue
- A. the accounting system is error free
- B. equal debit entries and credit entries were recorded for each transaction
- C. the debit and credit from the journal were posted to the accounts
- D. account balances were correctly computed
Correct Answer: A. the accounting system is error free
Explanation
agreement of trial balance does mean it is error free. Some errors might not be disclosed by mere agreement
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