Multiple Choice
A trial balance would only help in detecting which one of the following errors?
A) A transaction that is not journalized
B) A journal entry that is posted twice
C) Offsetting errors are made in recording the transaction
D) A transposition error when transferring the debit side of journal entry to the ledger
Correct Answer:
Verified
Correct Answer:
Verified
Q145: If a revenue account is credited, the
Q146: The ledger accounts should be arranged in<br>A)chronological
Q147: The first step in posting involves<br>A)entering in
Q148: The first step in the recording process
Q149: The usual sequence of steps in the
Q151: The explanation column of the general ledger<br>A)is
Q152: Revenues are a subdivision of retained earnings.
Q153: The complete effect of a transaction on
Q154: The normal balance of an expense account
Q155: The primary purpose of a trial balance