Multiple Choice
Which of the following would cause a trial balance to be out of balance?
A) A transaction was recorded twice
B) Only the debit of a transaction was recorded
C) A transaction was not recorded
D) A transaction was posted to the wrong account
Correct Answer:
Verified
Correct Answer:
Verified
Q29: A company's retained earnings balance would decrease
Q30: Valenzuala Company purchased a truck for $38,000
Q31: Deano Inc. purchased $27,000 of merchandise from
Q32: The inventory account is increased by<br>A) Credits<br>B)
Q33: If a company purchased a building with
Q35: Which of the following is NOT an
Q36: Deano Inc. purchased $27,000 of merchandise from
Q37: Assuming no other changes except a decrease
Q38: On May 1, James Corporation had total
Q39: When Jim was preparing the trial balance,