What is the main purpose of a trial balance?, To check profits, To check arithmetic accuracy of bookkeeping, To record sales, To prepare invoices, What does a control account do?, Records individual transactions, Summarises totals from a group of accounts, Shows bank loans only, Records cash only, If a trial balance does not balance, what does this indicate?, Profit has been made, There is an error, The business is successful, Accounts are closed, Name one type of error not revealed by a trial balance., Error of principle, Error of profit, Error of balance, Error of closing, What is an error of omission?, Wrong amount entered, Transaction completely missing, Wrong account used, Entries reversed, What is prepared using the trial balance as a starting point?, Financial statements, Payroll records, Bank statements, Purchase orders
0%
FAPS -Chapter 3
Share
Share
by
U46994130
Workplace
AAT
Edit Content
Print
Embed
More
Assignments
Leaderboard
Show more
Show less
This leaderboard is currently private. Click
Share
to make it public.
This leaderboard has been disabled by the resource owner.
This leaderboard is disabled as your options are different to the resource owner.
Revert Options
Spin the wheel
is an open-ended template. It does not generate scores for a leaderboard.
Log in required
Visual style
Fonts
Subscription required
Options
Switch template
Show all
Open results
Copy link
QR code
Delete
Continue editing:
?
