Question 26

Which of the following is not true of a trial balance?

  • A.list taken of the account balance in the general ledger
  • B.proof of the arithmetical accuracy of the ledger postings
  • C.summary of data for the preparation of financial statement
  • D.list of account abstracted from a subsidiary ledger to check their agreement with the related control account
  • E.list of balances ensuring that the accounts are correct
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1995
Question no.
#26
Type
Objective

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