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    Which of the following will affect the agreement of a trial balance

    Which of the following will affect the agreement of a trial balance
    
    
    
    1.________ is the common base for preparing a trial balance 
    A) Ledger accounts
    B) General Journal
    C) Specialized journals 
    D) Balance sheet
    2.Which of the following is true about a trial balance?
    A)It lists down the balances of accounts
    B)It lists down the balances of a balance sheet
    C)It is a kind of financial statement
    D)It is not a part of accounting cycle
    3. If Debit balance = Credit balance in a trial balance, it indicates that
    A)No error in recording transactions
    B)No error in posting entries to ledger accounts
    C)Account balances are correct
    D) Mathematically Capital+ Liabilities=Assets
    4.Trial balance is commonly prepared 
    A) Frequently during the year
    B) At the end of an accounting period 
    C) At the end of a month
    D) At the end of a year 
    5.Which of the following will affect the agreement of a trial balance? 
    A) Complete omission of a transaction
    B) Partial omission of a transaction 
    C) Error of principle
    D) Compensating errors 
    
    
    
    
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  1. Which of the following will affect the agreement of a trial balanceWhich of the following will affec
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