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Commerce · Q102

Accounting

Graduate and Post Graduate · Commerce · question 102

Q102

If a transaction is completely omitted from the books of accounts, will it effect the agreement of Trial Balance?

A.
Yes
B.
No
Answer
C.
Transactions can not be omitted
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
If a transaction is completely omitted from the books of accounts, No it wont effect the agreement of Trial Balance.