Rectification of mistakes is necessary to tally the Trial Balance. True or false? with reason
Answers
Answered by
7
Answer:
True. The trial balance is prepared to check the arithmetical accuracy of the books of accounts and if there are any errors which are not compensating or omitted the trial balance won't tally. Hence, Rectification of a mistake is necessary to tally the trial balance.
Answered by
4
Answer:
There is no need to rectify the error in order to tally the trial balance. Trial balance can be tallied by debiting or crediting the difference amount to the suspense account.
Similar questions