Description : Which of the following errors are not disclosed by Trial Balance ? (A) Compensatory Errors (B) Errors of Principle (C) Errors of Omission (D) All the three
Last Answer : Answer: All the three
Description : The error of omission is disclosed by the Trial Balance.
Last Answer : State whether the following statement are True or False with reason : The error of omission is disclosed by the Trial Balance.
Description : A CPA in public practice shall not disclose any confidential client information without the specific consent of the client. The confidentiality rule is violated if CPA disclosed information without client' ... s largest stockholder. d. Complaint filed with the trial board of the Board of Accountancy
Last Answer : Request by client's largest stockholder.
Description : (i) ___________ sided errors affect the total of Trial Balance.
Last Answer : Complete the following sentences : (i) ___________ sided errors affect the total of Trial ... Sales book is corrected by _______ Sales Account.
Description : One sided errors are disclosed by ________
Last Answer : One sided errors are disclosed by ________ (a) Trial Balance (b) Suspense Account (c) Journal (d) Ledger Account
Description : Transactions with related parties are important to the auditors because they will be disclosed in the financial statements if material. Generally accepted accounting principles would not require disclosure of ... transactions, including peso amounts. d. The amounts due from and to related parties
Last Answer : Loans to officers during the year which had been repaid before the balance sheet date
Description : The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the ____________ rate.
Last Answer : Closing
Description : The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the __________ (a) Average Rate (b) Closing Rate (c) Non-monetary Rate (d) Monetary Rate
Description : (i) Question 6. The disagreement of Trial Balance indicates that an ___________ has been committed.
Last Answer : Complete the following sentences : (i) Question 6. The disagreement of Trial Balance indicates ... (v) Rectification entries are passed in ________
Description : If the trial balance shows a short credit the suspense account will have a _______ balance.
Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil
Description : If the trial balance does not agree the difference of the trial balance is placed in _______ account.
Last Answer : If the trial balance does not agree the difference of the trial balance is placed in _______ account. ... ) Suspense (c) Rectification (d) Real
Description : Where does carriage inwards go to in the trial balance?
Last Answer : What is the answer ?
Description : What is Accounts Payable considered a on the Trial Balance?
Last Answer : what is it best to receive before paying and invoice
Description : Closing stock appearing in the Trial Balance is shown in– (A) Balance Sheet only (B) Trading Account only (C) Trading Account and Balance Sheet both (D) None of the above
Last Answer : Answer: Balance Sheet only
Description : The post-closing trial balance contains only a. income statement accounts. b. balance sheet accounts. c. balance sheet and income statement accounts. d. income statement, balance sheet, and retained earnings statement account
Last Answer : b. balance sheet accounts.
Description : he steps in the preparation of a worksheet do not include a. analyzing documentary evidence. b. preparing a trial balance on the worksheet. c. entering the adjustments in the adjustment columns. d. entering adjusted balances in the adjusted trial balance columns.
Last Answer : a. analyzing documentary evidence.
Description : The two optional steps in the accounting cycle are preparing a. a post-closing trial balance and reversing entries. b. a worksheet and post-closing trial balances. c. reversing entries and a worksheet. d. an adjusted trial balance and a post-closing trial balance.
Last Answer : c. reversing entries and a worksheet.
Description : Which of the following steps in the accounting cycle may be performed more frequently than annually? a. Prepare a post-closing trial balance b. Journalize closing entries c. Post closing entries d. Prepare a trial balance
Last Answer : d. Prepare a trial balance
Description : The final step in the accounting cycle is to prepare a. closing entries. b. financial statements. c. a post-closing trial balance. d. adjusting entries.
Last Answer : c. a post-closing trial balance.
Description : . Which one of the following is an optional step in the accounting cycle of a business enterprise? a. Analyze business transactions b. Prepare a worksheet c. Prepare a trial balance d. Post to the ledger accounts
Last Answer : b. Prepare a worksheet
Description : he step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is a. analyzing transactions. b. journalizing and posting adjusting entries. c. preparing a post-closing trial balance. d. posting to ledger accounts.
Last Answer : b. journalizing and posting adjusting entries.
Description : Which one of the following is usually prepared only at the end of a company's annual accounting period? a. Preparing financial statements b. Journalizing and posting adjusting entries c. Journalizing and posting closing entries d. Preparing an adjusted trial balance
Last Answer : c. Journalizing and posting closing entries
Description : The heading for a post-closing trial balance has a date line that is similar to the one found on a. a balance sheet. b. an income statement. c. an stockholders' equity statement. d. the worksheet.
Last Answer : a balance sheet.
Description : The balances that appear on the post-closing trial balance will match the a. income statement account balances after adjustments. b. balance sheet account balances after closing entries. ... statement account balances after closing entries. d. balance sheet account balances after adjustments.
Last Answer : b. balance sheet account balances after closing entries.
Description : The purpose of the post-closing trial balance is to a. prove that no mistakes were made. b. prove the equality of the balance sheet account balances that are carried forward into the ... next accounting period. d. list all the balance sheet accounts in alphabetical order for easy reference.
Last Answer : b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
Description : A post-closing trial balance will show a. zero balances for all accounts. b. zero balances for balance sheet accounts. c. only balance sheet accounts. d. only income statement accounts.
Last Answer : c. only balance sheet accounts.
Description : A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.
Last Answer : b. after closing entries are posted to the ledger accounts.
Description : A post-closing trial balance will show a. only permanent account balances. b. only temporary account balances. c. zero balances for all accounts. d. the amount of net income (or loss) for the period.
Last Answer : a. only permanent account balances.
Description : All of the following statements about the post-closing trial balance are correct except it a. shows that the accounting equation is in balance. b. provides evidence that the journalizing and posting ... . c. contains only permanent accounts. d. proves that all transactions have been recorded.
Last Answer : d. proves that all transactions have been recorded.
Description : After the adjusting entries are journalized and posted to the accounts in the general ledger, the balance of each account should agree with the balance shown on the a. adjusted trial balance. b. post-closing trial balance. c. the general journal. d. adjustments columns of the worksheet.
Last Answer : a. adjusted trial balance.
Description : Which of the following may not be a part of projected financial statements? a) Income Statements b) Trial Balance c) Cash Flow Statements d) Balance Sheets
Last Answer : b) Trial Balance
Description : The process of recording financial data upto trial balance is a) Book keeping b) Classifying c) Summarising d) Analyzing
Last Answer : a) Book keeping
Description : All capital expenditures and receipts are taken to A. Trading and Profit and Loss Account B. Balance sheet C. Trial balance D. None of the above
Last Answer : B. Balance sheet
Description : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
Last Answer : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
Description : If a trial balance totals do not agree, the difference must be entered in A) The Profit and Loss Account B) A Nominal Account C) The Capital Account D) A Suspense Account
Last Answer : Answer: D
Description : Net profit is computed in the A) Profit and loss account B) Balance sheet C) Trial balance D) Trading account
Last Answer : Answer: A
Description : How concerned are you that Trump has not disclosed his taxes?
Last Answer : I m pretty sure he's not nearly as rich as he's pretending to be. It won't matter in the election though. Hillary won't disclose the transcripts she promised. Nobody voting for Trump will care about ... matter what he does/says or they hate Hillary so much that they'll vote for him no matter what.
Description : I am, in truth, a yellow fork From tables in the sky By inadvertent fingers dropped The awful cutlery. Of mansions never quite disclosed And never quite concealed The apparatus of the dark To ignorance revealed. -Riddles
Last Answer : lightning, Emily Dickinson
Last Answer : Lightning.
Description : The figures of profit and net worth are disclosed by books of accounts.
Last Answer : State whether the following statement are true or false with reason : The figures of profit and net worth are disclosed by books of accounts.
Description : Floridaassociate listing a commercial property constructed 1982 what must be disclosed?
Last Answer : Homeowners association Disclosure
Description : Which of the following is correct concerning requirements about auditor's communications about fraud? a. Fraud that involves senior management should be reported directly to the audit committee ... . The auditor has no responsibility to disclose fraud outside the entity under any circumstances
Last Answer : Fraud that involves senior management should be reported directly to the audit committee regardless of the amounts involved
Description : Management assertions are a. Stated in the footnotes to the financial statements. b. Provided to the auditor in the assertions letter, but are not disclosed in the financial ... the accounts in the financial statements. d. Explicitly expressed representations about the financial statements
Last Answer : Implied or express representations about the accounts in the financial statements.
Description : Where both the name and existence of the principal are not disclosed in the contract. Such principal is called a. Undisclosed principal b. Unnamed principal c. Named principal d. Prohibited principal
Last Answer : a. Undisclosed principal
Description : The trial and error method of learning according to Thorndike could be classified as under Options: A) The principle of multiple responses B) The law of exercise C) The principle of partial activity D) The principle of Associative learning
Last Answer : B) The law of exercise
Description : Working from the whole to the part is followed as the fundamental principle of surveying so as to : 1. Distribute errors 2. Improve ease of working 3. Prevent accumulation of errors 4. Compensate error in a way 5. Refer to common datum ... (a) 1, 2 and 4 (b) 1, 3 and 5 (c) 3 and 4 (d) 2 and 5
Last Answer : (c) 3 and 4
Description : The presidential system operates on the principle of – (1) Division of powers (2) Separation of powers (3) Fusion of powers (4) Balance of powers
Last Answer : (2) Separation of powers Explanation: The presidential system operates on the principle of separation of powers. India follows a parliamentary system of government, which offers a clear separation of powers.
Description : The Presidential Government operates on the principle of – (1) Division of Powers between Centre and Slates (2) Centralisation of Powers (3) Balance of Powers (4) Separation of Powers
Last Answer : (4) Separation of Powers Explanation: In democratic systems of governance based on the trias politjca, a fundamental parallel and a fundamental difference exists between presidential systems and constitutional ... the United States, with unitary executive) or a government, headed by a prime minister
Description : The spring balance works on the principle of - (1) Boyle's Law (2) Hooke's Law (3) Bernoulli's principle (4) Pascal's Law
Last Answer : (2) Hooke's Law Explanation: A spring scale or spring balance or Newton meter is a type of weighing scale. It consists of spring fixed at one end with a hook to attach an object at the ... force needed to extend a spring is proportional to the distance that spring is extended from its rest position.
Description : What Is Force Balance Principle? State Some Of Its' Advantages?
Last Answer : Force balance principle: A controller which generates an output signal by opposing torque. The input force is applied on the input bellows which moves the beam. This crackles nozzle back pressure. The ... a. Moving parts are fewer. b. Baffle movement is negligible c. Frictional losses are less