If the effect of errors committed cancel out, the errors will be called compensating errors and the trial balance will disagree. [May 2018, 2 Marks]; [MTP Jan 2025]
Options
A
B
C
D
For any discrepancies in this question, email contact@cadada.in
Accounting ProcessQuestion 5021 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: If the effect of errors committed cancel out, the errors will be called compensating
errors and the trial balance will agree.
More Questions from Accounting Process
Accounting Standards can override the statute. [June 2024, 2 Marks]
What are the advantages of subsidiary books? [July 2021, 5 Marks; June 2024, 5 Marks]; [MTP Jan. 2025]
What are the importance of Journal? [June 2023, 5 Marks]
Double Entry System [Jan. 2025, 5 Marks]
Petty Cash Book [June 2022, 5 Marks]
Imprest System
Ready to Master Accounting Process?
Practice all 84 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free