Multiple Choice
A trial balance shows total debits of $540,000 and total credits of $450,000. This discrepancy is most likely due to which type of error?
A) Slide
B) Transposition
C) Mislabeling
D) Failure to post a transaction
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: In order to see a complete transaction
Q126: A company performed services for a customer
Q127: Evan Jones started a sports consulting business
Q128: When preparing the financial statements:<br>A) assets, liabilities,
Q129: The entry to record the performance of
Q130: Which of the following is a correct
Q132: All business transactions involve an increase in
Q133: Which of the following is NOT a
Q135: The trial balance is used to determine
Q136: The normal balance of the Accounts Payable