Economics - Part 19
New Pattern MCQ
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New Pattern MCQ
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ECONOMICS Part 19 - For JKSSB FAA EXAM - Best 500 MCQ -JKSSB NEW EXAM PATTERN - By Ishaan Gupta
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I. Trial Balance is an account that proves the ultimate accuracy of financial books.
II. It verifies the arithmetical accuracy of ledger postings.
III. The agreement of a Trial Balance is absolute proof that no accounting errors exist.
II. It verifies the arithmetical accuracy of ledger postings.
III. The agreement of a Trial Balance is absolute proof that no accounting errors exist.
Anonymous Quiz
7%
1 only
62%
2 only
10%
1 and 3 only
22%
2 and 3 rd only
❤15🎉2👍1
About Trial Balance:
I. Outstanding expenses are (Cr.), while prepaid expenses are (Dr.).
II. Trade discount is explicitly shown on debit side. III. Closing stock usually does not appear in the Trial Balance unless Cost of Goods Sold (COGS) is given.
I. Outstanding expenses are (Cr.), while prepaid expenses are (Dr.).
II. Trade discount is explicitly shown on debit side. III. Closing stock usually does not appear in the Trial Balance unless Cost of Goods Sold (COGS) is given.
Anonymous Quiz
13%
1 only
12%
1 and 2 only
48%
1 and 3 only
27%
All statements are correct
👍8🎉4❤2
About Trial Balance Method 👇
I. Under the Total Method, the net balance of each ledger account is posted to the Trial Balance.
II. Under the Balance Method, the total of debit entries and credit entries of every ledger account are transferred.
I. Under the Total Method, the net balance of each ledger account is posted to the Trial Balance.
II. Under the Balance Method, the total of debit entries and credit entries of every ledger account are transferred.
Anonymous Quiz
14%
1 only
13%
2 only
41%
Both are correct
32%
Both are incorrect
👍10❤5🎉3
We are LIVE NOW 👇
Economics - Part 19
New Pattern MCQ 👇
https://www.youtube.com/live/tAGU6VIjoOY?si=93XM_P8A4P8g9bQS
Economics - Part 19
New Pattern MCQ 👇
https://www.youtube.com/live/tAGU6VIjoOY?si=93XM_P8A4P8g9bQS
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GK PRACTICE SET 1 - By Pankaj Sir
India's Freedom Struggle
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GK PRACTICE SET 1 - By Pankaj Sir
India's Freedom Struggle
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GK PRACTICE SET 1 - By Pankaj Sir
India's Freedom Struggle
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