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