Q. Which of the following is not a feature of Trial Balance (Solved)
1. It is a list of debit and credit balances which are extracted from various ledger accounts;
2. It does not prove arithmetical accuracy which can be determined by audit;
3. It is not an account. It is only a statement of account;
4. All the transactions are primarily recorded in this book, hence it is the primary book of entry.
- d. All the transactions are primarily recorded in this book, hence it is the primary book of entry.