Fill in the blanks with suitable words
- Trial Balance is prepared as per the rules of _____ system.
- Trial Balance is a statement prepared with the debit and credit balances of ______accounts.
- Trial Balance is the basis on which _______ are prepared.
- List of names with debit balances are grouped under a common caption known as ________
- List of names with credit balances are grouped together under a single heading called _________
- A ______balance is either a liability or income or gain.
- If the totals of debit balances and credit balances in a Trial Balance do not tally, it implies that some ________would have been committed.
- If the debit column or credit column is totaled wrongly in a Trial Balance as Rs 15,100 instead of Rs 11,500, it is called _________.
- In the same case (as in Q.8), if it is wrongly totalled as Rs 10,150 it is called __________
- Errors of posting in the wrong side of the correct account are ________by Trial Balance.