Which error cannot be revealed on the preparation of trial balance?
A. Wrong totalling of account
B. Compensatory errors
C. Error of commission
D. Wrong balancing of an account
Answer: Option B
Solution(By Examveda Team)
Compensatory errors cannot be revealed on the preparation of trial balance. Compensating Errors are error on the debit side and is compensated by an error of equal amount on the credit side.This Question Belongs to Commerce >> Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
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D. Investments
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B. Fixed assets
C. Intangible assets
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B. Fixed assets
C. Intangible assets
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Why error of commission is not revealed by a trial balance