If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance?

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

152AccountingMedium

AYes

BTransactions can’t be omitted

CNo

Dnone of these

Correct answer

C. No

Explanation

No is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance? - Answer and Explanation | Academy of Pakistan