Which of the following accounting statements is true?

1. A Option A: If a Trial Balance tallies, it always means that no transaction has been completely omitted
2. B Option B: A Trial Balance will not tally if a transaction is omitted
3. C Option C: A customer who buys goods on credit cannot avail himself of a cash discount
4. D Option D: A credit balance in the Pass Book indicates excess of deposits over withdrawals

Answer checked 11 October 2026 · How we write and check questions