trial balance will not tally if __
a) correct journal entry is posted
twice
b) credit purchase debited to
purchases and credited to cash
c) 5000 cash paid to creditors is
debited to creditors for 500 and
credited to cash as 5000
d) none of the above
Answers
Answered by
1
Answer:
A Trial Balance is a list of all the accounts maintained by the business.
If there is any error it might reflect and Trial Balance might not tally.
In case a correct journal is posted twice it might not reflect since the posting is done with the correct amount at the correct side.
In case a credit purchase is recorded as cash purchase, a creditor is not recorded but debit (Purchase) and credit side (Cash) show the amounts properly.
However, for a same journal if different amounts are recorded on the debit and credit sides, Trial Balance will not tally.
hi friend.... good afternoon..... hope my answer help you..... mark my answer as brainliest answer and follow me...tnq....bye....have a nice day....❤️♥️
Answered by
1
Answer: Option(c) 5000 cash paid to creditor is debited to creditors for 500 and credited to cash as 5000
Explanation: A Trial Balance is a list of all the accounts maintained by the business.
If there is any error it might reflect and Trial Balance might not tally.
In case a correct journal is posted twice it might not reflect since the posting is done with the correct amount at the correct side.
Just in case a credit purchase is recorded as cash purchase, a creditor is not recorded but debit (Purchase) and credit side (Cash) show the amounts properly. But whereas, if it was for a same journal if different amounts are recorded on the debit and credit sides, Trial Balance will not tally.
Explanation: A Trial Balance is a list of all the accounts maintained by the business.
If there is any error it might reflect and Trial Balance might not tally.
In case a correct journal is posted twice it might not reflect since the posting is done with the correct amount at the correct side.
Just in case a credit purchase is recorded as cash purchase, a creditor is not recorded but debit (Purchase) and credit side (Cash) show the amounts properly. But whereas, if it was for a same journal if different amounts are recorded on the debit and credit sides, Trial Balance will not tally.
Similar questions
Social Sciences,
2 months ago
Math,
5 months ago
Science,
11 months ago
Science,
11 months ago
Hindi,
11 months ago