Question

if we do the wrong tally in final account how much marks will they deduct​

Answer 1

Answer:

I think we will get 3 marks ...

Answer 2

It is difficult to give an exact answer as to how many marks will be deducted for making errors in the tally of final accounts, as it depends on the specific circumstances and requirements of the accounting exam or assessment. However, it is safe to say that incorrect tallying of accounts will result in some loss of marks, as it can significantly impact the accuracy of the final accounts.

• Tallying errors can lead to discrepancies in the final accounts, which can affect the overall profitability, liquidity, and financial position of a business. Some of the consequences of incorrect tallying of final accounts include:

1. Inaccurate financial statements - Incorrect tallying can lead to inaccurate financial statements, which can mislead investors, stakeholders, and other interested parties.
2. Incorrect profit calculation - Incorrect tallying can result in an incorrect profit calculation, which can affect decisions related to investment, expansion, and financing.
3. Audit issues - Incorrect tallying can lead to issues during auditing, which can result in additional costs and time delays.

• It is important to ensure that final accounts are accurately tallied, as errors can have significant consequences for businesses and their stakeholders. Marks will likely be deducted for errors, but the amount will depend on the specific assessment criteria and marking scheme.

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