Multiple Choice Questions on If an account does not have a balance then ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If an account does not have a balance then ........

General Accounting Principles Accounting cycles
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    If an account does not have a balance then

    Their balance is written as nil

    Incorrect Answer

     Their balance is not written in Trial Balance

    Correct Answer

    Their account is recorded and the balance are taken

    Incorrect Answer

     None of the above

    Incorrect Answer
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    Explanation:

    If the account does not have a balance, it is ignored ,i.e., is not written in Trial Balance.

    By: Munesh Kumari
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