Multiple Choice
The trial balance will not balance when a company
A) Fails to journalize a transaction.
B) Omits posting a correct journal entry.
C) Posts a journal entry twice.
D) Debits two statement of financial position accounts and no income statement accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A ledger is where the company initially
Q58: Reversing entries do not apply to which
Q60: Nominal accounts are also called<br>A) temporary accounts.<br>B)
Q64: Under International Financial Reporting Standards (IFRS)<br>A) The
Q66: Which of the following statements is false?<br>A)
Q67: Posting is done for income statement activity;
Q68: Which of the following properly describes a
Q90: Recording the adjusting entry for depreciation has
Q102: The failure to properly record an adjusting
Q142: Which type of account is always debited