menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 3
  4. Exam
    Exam 2: Measurement Concepts: Recording Business Transactions
  5. Question
    Recording an Account with a Debit Balance as a Credit,or
Solved

Recording an Account with a Debit Balance as a Credit,or

Question 120

Question 120

True/False

Recording an account with a debit balance as a credit,or an account with a credit balance as a debit,will cause the trial balance to be out of balance by an amount that is evenly divisible by two.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: A $155 credit item is posted as

Q32: All expenses incurred by a business are

Q59: The normal balance of an account is

Q71: The controller for Tires and More,Inc.has recorded

Q115: Which of the following does not impact

Q118: Copper Company engaged in the following transactions

Q122: Using the alphabetical list of account balances

Q123: Ironwood Company has just started operations.The company

Q127: The timing of cash flows is critical

Q132: A company records a transaction in which

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines