True/False
Recording an account with a debit balance as a credit,or vice versa,will cause the trial balance to be out of balance by an amount that is evenly divisible by two.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: Which of the following business events is
Q25: One of the general rules of the
Q26: One might see "J5" correctly placed in
Q27: The general ledger is used to record
Q28: The journal is a chronological record of
Q30: An $800 debit item is accidentally posted
Q31: Slim Co.is ordering a new computer for
Q32: All expenses incurred by a business are
Q33: In a journal entry,debits are always indented.
Q34: Which of the following statements is false