Accounting Multiple Choice Question – 12 April 2024

Two statements are made below:

A.  If the trial balance does not balance an error must have been made.

B.  Closing inventory balance is always included in the initial trial balance.

Which of these statements are True or False?

Select ONE answer:

1. A. True & B. False
2. A. False & B. False
3. A. True & B. True
4. A. False & B. True

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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