Answered: Which of the following errors will not…

Which of the following errors will not affect the Trial balance? a. Wrong balancing of an account b. Wrong totaling of an account c. Omitting one aspect of account d. Omitting two aspect of account

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 20E: Errors in trial balance Identify the errors in the following trial balance. All accounts have normal...

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Question

Which of the following errors will not affect the Trial balance?

Wrong balancing of an account

Wrong totaling of an account

Omitting one aspect of account

Omitting two aspect of account

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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