MCQ
True or False
State True or False with reasons:
Preparation of Trial Balance is not possible under Single Entry System
Options
True
False
Advertisement Remove all ads
Solution
This statement is True.
In the Trial Balance we require a ledger balance of every account from business transactions which is not possible in the Single Entry System. Therefore, the preparation of Trial Balance is not possible under a single Entry system.
Concept: Single Entry System
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads
Advertisement Remove all ads
