Which of the following statements is true?
A. If a Trial Balance tallies, it always means that none of the transactions has been completely omitted
B. A Trial Balance will not tally if a transaction is omitted
C. A customer to whom goods have been sold on credit cannot avail himself of a cash discount
D. A credit balance in the Pass Book indicates excess of deposits over withdrawals
Answer:A
Which of the following statements is true?
A. If a Trial Balance tallies, it always means that none of the transactions has been completely omitted B. A Trial Balance will not tally if a transaction is omitted C. A customer to whom goods have been sold on credit cannot avail himself of a cash discount D. A credit balance in the Pass Book indicates excess of deposits over withdrawals