menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 2: Analyzing and Recording Business Transactions
  5. Question
    Once in a While,a Transaction Leaves an Account with a Balance
Solved

Once in a While,a Transaction Leaves an Account with a Balance

Question 81

Question 81

True/False

Once in a while,a transaction leaves an account with a balance that isn't "normal." When this occurs,the "abnormal" balance should be corrected to the "normal" balance before copying the balance into the trial balance.

Correct Answer:

verifed

Verified

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

Related Questions

Q76: The trial balance for Parker Company is

Q77: For a T account,an account balance is

Q78: A decrease in a liability is recorded

Q79: Owner's withdrawals should appear on the statement

Q80: In a trial balance,all debits are listed

Q82: A trial balance is normally prepared at

Q83: Which of the following guidelines is correct?<br>A)Dollar

Q84: Which pair of accounts follows the rules

Q85: A journal entry is a notation that

Q86: Copper Company engaged in the following transactions

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