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O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2014 · Q21 Mark

Which statement about a computerised accounting system is correct?

AThe general ledger does not include non-current asset accounts.
BThe income statement always shows a profit.
CThe statement of financial position does not include non-current asset accounts.
DThe trial balance always balances.

✓ Correct answer

D: The trial balance always balances.

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 2.

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