A trial balance is a proof of?

A. arithmetical accuracy of postings only B. accurate narration of the journal entries C. accuracy of the debit entry D. accuracy of the credit entry E. accuracy of ledger entries Correct Answer: Option A – arithmetical accuracy of postings...

Payment of salaries to partners is?

A. a charge to profit and loss account B. a charge to trading account C. an appropriation of divisible profit D. an appropriation of interest on capital E. an appropriation of interest on current account Correct Answer: Option C – an appropriation of divisible...

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