A trial balance will not balance if

  1. Home

Question:
A trial balance will not balance if

1.Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

2.correct journal entry is posted twice

3.the purchase on credit basis is debited to purchases and credited to cash

4.None of the above

Posted Date:-2021-06-29 02:42:09

More MCQS Questions and answers

  1. A binding price floor causes
  2. A business organized as a corporation
  3. A major purpose of cost accounting is to
  4. A major purpose of cost accounting is to
  5. A market is said to be in equilibrium when
  6. A monopoly is a market that has
  7. A person should consume more of something when its marginal cost
  8. A person should consume more of something when its marginal cost
  9. A raise in the price of a product causes
  10. A trial balance will not balance if
  11. An example of an on premise establishment is
  12. An increase in the price level will cause a _ the aggregate demand curve.
  13. An increase in the price of a good will
  14. Black markets are associated with
  15. Capital budgeting is primarily concerned with
  16. Debts owed by a business are referred to as
  17. Effective sales management begins with
  18. Effective sales management begins with
  19. Equivalent units of production are equal to
  20. Fixed cost per unit increases when
  21. For a good that is a luxury demand
  22. he buying and selling of goods is called
  23. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?
  24. Inclusive unionism is practiced mostly by
  25. Other things equal an improvement in productivity will
  26. Product costs are also called
  27. Product costs are also called
  28. Quality assurance is an example of which process?
  29. Ratio analysis can be useful for
  30. The advantages of being an entrepreneur are
  31. The basic goal of integrated marketing communications is to
  32. The buying and selling of goods is called
  33. The demand curve facing a perfectly competitive firm is
  34. The factors that affect worker productivity include
  35. The market structure called monopoly exists where there is exactly ______ seller in any market.
  36. The partnership form of business organization is
  37. The primary goal of a business firm is to
  38. The supply curve for a monopolist is
  39. Total asset turnover is used to evaluate
  40. What does IMF stand for?
  41. What is the best definition of the term cottage industry?
  42. What is the main motive behind dealer incentives?
  43. Which major bank has launched the Unnati Credit Card in 2017 to enhance credit inclusion in India?
  44. Which of the following does not fall into the functions ofPayments Banks?
  45. Which of the following does not motivate entrepreneurs?
  46. Which of these is an example of a labor law?
  47. Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?
  48. Which one of the following statements with regard to Antrix Corporation Limited is correct?
  49. Which phase of DMAIC is designed to insure that the problem does NOT reoccur and that the new processes can be further improved over time?
Search
Olete Team
Online Exam Test Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on Online Exam Test website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!