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 : Errors of principle are not disclosed by the Trial Balance.
Last Answer : State whether the following statement are True or False with reason : Errors of principle are not 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 : 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 : 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 : Which of the following is an example of an error? a. Defalcation b. Misapplication of accounting policies. c. Suppression or omission of the effects of transactions from the records or documents. d. Recording of transactions without substance
Last Answer : Misapplication of accounting policies.
Description : How do I solve this mathematical word problem without using trial and error?
Last Answer : answer:It’s a simple linear system. Two equations, two variables. Now think about it some more.
Description : What little tip have you learned through trial and error that you didn't read somewhere or was told?
Last Answer : answer:My sister introduced me to Jojoba oil for dry skin. It doesn't leave a greasy flim that attaches itself to your clothes like massage oil does. Coffee grounds are good for enriching the soil. I ... easier clean-up. If you shut your cat in the garage by mistake for four hours, tread carefully.
Description : Which pharma company has reported an 'error' in a trial of the Covid-19 vaccine dosage?
Last Answer : p
Description : A convenient method of determining antenna impedance. A. Stub matching B. Reactance circle C. Smith chart D. Trial and error
Last Answer : C. Smith chart
Description : Pick up the correct statement from the following: (A) It is difficult to eliminate an error completely at first trial (B) Instability of the instrument makes it almost impossible to adjust it ... ) Adjustment screws must be left bearing firmly but should never be forced (D) All the above
Last Answer : (D) All the above
Description : Besides a method of trial and error, which of the following methods is employed for solution of network problems in interconnected system ? (a) Circulating current method (b) Thevenin's theorem (c) Superposition of currents (d) Direct application of Kirehhoffs laws (e) All of the above
Last Answer : (e) All of the above
Description : Which testing methods are used by end-users who actually test software before they use it? A. Alpha & Beta Testing B. White Box Testing C. Black Box Testing D. Trial & Error Testing
Last Answer : A. Alpha & Beta Testing
Description : A marketer is most likely to set prices according to a cash -flow objective when a A)trial -and -error approach to the market is acceptable. B)certain market share must be maintained. C)quick return on investment is desired. D)product is expected to have a long life cycle.
Last Answer : C)quick return on investment is desired.
Description : Most pricing objectives based on ---- are achieved by trial and error because not all the cost and revenue data are available when prices are set. A)market share B)cash flow C)return on investment D)survival E)profit
Last Answer : C)return on investment
Description : The major divisions of behavior are: a) reflex and conditioning b) innate and learned c) habituation and trial and error d) taxis and biorhythm
Last Answer : ANSWER: B -- INNATE AND LEARNED
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 : Which of the following procedures would be best from the stand point of efficiency of acquisition for a given degree of long-term retention? Options: A) A high level of over-learning B) Reviews spaced progressively further apart C) Trial and Error D) Cramming
Last Answer : B) Reviews spaced progressively further apart
Description : Purposeful group-learning in the class-room generally begins with Options: A) Intelligent trial and error activity B) Motives and a clarification of objectives C) Hypothesis and generalisations D) Delegation of responsibility to the members
Last Answer : B) Motives and a clarification of objectives
Description : Trial-Error Learning in men and animals differ chiefly in that man places greater dependence upon Options: A) Overt activity B) Rapid and energetic action C) Symbolic manipulation D) The uniqueness of each problem
Last Answer : C) Symbolic manipulation
Description : Which of the following phrases is not relevant to describe the meaning of research as a process? (A) Systematic Activity (B) Objective Observation (C) Trial and Error (D) Problem Solving
Last Answer : (B) Objective Observation
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 : (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 : 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 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