Accounting Mcqs

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

Submitted By: Ali Uppal

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