Question
A trial balance is an internal financial report,
critical to the book-keeping and accounting process. What purpose does a trial balance serve?Solution
A trial balance is a book-keeping or accounting report that lists the balances in each of the company's general ledger accounts. Since accounting is done on a double-entry system, the total of debit and credit balances should be equal. A disagreement in the trial balance indicates an error and therefore a trial balance helps in checking the arithmetic accuracy of preparation of accounts.
A statement in this question and the two conclusions related to them are given in the form of i and ii, assuming that the statements given in the statem...
Three statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance...
Select the correct mirror image of the given figure when the mirror is placed at MN as shown below.
Study the given pattern carefully and select the number that can replace the question mark (?) in it.
25 24 122
31 27 143
35 29 ?
A is the brother of B. B is the son of C. D is the wife of C. E is the sister of D. How is A related to E?
Which two numbers should be interchanged to make the following equation correct?
4 × 12 ÷ 9 + 7 – 10 = 0
Based on the analogy given, find the missing word from the given options.
Foot : Toes :: Hand: ?
Which two numbers should be interchanged to make the given equation correct?
74 – 52 + (39 ÷ 13) × 16 + (14 ÷ 2) = 106
(NOTE: Numbers...
In the question below, some letters are given in two ovals, intersecting each other. The letter(s) given in the intersected portion can be used more th...
If A = 26 and T = 7, then AUTHENTIC = ?
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