Login / Signup

Question

Find the incorrect statement:

A The equality of debit and credit of the Trial balance does not mean that the individual accounts are also accurate.

B Journal lists the balance and the title of account in ledger.

C Cash account is Real account

D Goodwill account is an ‘intangible asset’

Practice Next

More Accounts Questions

A firm budgeted sales of ₹120 lakh but achieved actual sales of ₹100 lakh. Variable cost was budgeted at 60% of sales, and actual cost was 62% of actual sa...
Which ICDS deals with Accounting Policies?
Which tax is applied on supply of goods and services in India currently (as of 2025) replacing many indirect taxes?
Which Soction of Income Tax Act empowers the Contral Government to notify Income Computation and Disclosure Standards?
If a financially stressed company raises funds through a preferential issue of shares (under SEBI relaxations), what will be the impact on its Debt/Equity ...
In the context of budgeting, 'Top-down Budgeting' refers to a process where:
In finance, what does the term Mezzanine Debt mean?
Which of the following most accurately defines venture capital investment?
From 1st April 2010, non-furnishing of PAN to the deductors results in TDS at much higher rate of ________ or even more.
Which of the following is not an objective of management accounting?

Hey! Ask a query

ask-question