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O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2011 · Q31 Mark

How does the information provided by computerised accounting differ from that provided by a manual system?

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

✓ Correct answer

D: The trial balance always balances.

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2011 Paper 1 Variant 1, question 3.

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