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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

What Would You Do?

A new bookkeeper can’t find the errors that are causing the company’s month-end trial balance to be out of balance. The bookkeeper is too shy to ask for help at the office, so she takes the financial records home and asks her uncle, a retired bookkeeper, to help her locate the errors. Even with the help of her uncle, the trial balance is still out of balance, and now she is too embarrassed to return to the office and ask for help. The bookkeeper decides to show the trial balance is in balance and hope no one notices. Explain if there is anything wrong with this practice.

To determine

Explain if there is any wrong practice involved in the given situation.

Explanation

In this case, the bookkeeper has acted unlawfully. The bookkeeper must have taken assistance from the supervisor, instead of removing the financial records from the business. Additionally, the bookkeeper has violated the privacy rule of the business, since the bookkeeper has asked help form the outsider (uncle) to assist with the difficulty faced in balancing the trial balance...

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