A Trial Balance will not disclose which error? MCQ with Answer and Explanation

A Trial Balance will not disclose which error?
A. Omission to post one side of an entry
B. Error of casting
C. Wrong totaling of subsidiary book
D. Compensating errors
Answer: Option D
Solution (By JKSSB Mock Tests)
Compensating errors cancel each other's effect on trial balance totals, so the trial balance still agrees. Errors of casting, posting one side, wrong totaling will cause disagreement.

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Practice More Accountancy and Book Keeping Questions

Question #1
The 'Expected Credit Loss' model is used in:
A. Ind AS 109
B. AS 10
C. AS 2
D. AS 9

Correct Answer: Option A


Explanation:
Ind AS 109 introduces expected credit loss for impairment of financial assets.

Question #2
The CAG's audit report on government accounts is submitted to:
A. Prime Minister
B. Lok Sabha directly
C. Finance Minister
D. President / Governor

Correct Answer: Option D


Explanation:
CAG submits reports to the President (Union) or Governor (State), who cause them to be laid before Parliament/Legislature.

Question #3
In cost accounting, 'Idle Time' means:
A. Time spent on maintenance
B. Time for which workers are paid but no production occurs
C. Standard time
D. Overtime worked

Correct Answer: Option B


Explanation:
Idle time is unproductive time for which wages are paid.