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A Trial Balance Prepared by an Inexperienced Accountant Showed Total

Question 47

Multiple Choice

A trial balance prepared by an inexperienced accountant showed total debits of $360,000 and total credits of $36,000. This discrepancy is most likely due to which type of error?


A) Slide
B) Failure to post a transaction
C) Transposition
D) Mislabeling

Correct Answer:

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