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AccountingCollege Accounting (Book Only): A Career Approach13th Edition

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Chapter 5, Problem 4A
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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

Solutions

Chapter
Section
Problem 1QY
Problem 2QY
Problem 3QY
Problem 4QY
Problem 5QY
Problem 6QY
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 1E
Problem 2E
Problem 3E
Problem 4E
Problem 5E
Problem 6E
Problem 7E
Problem 8E
Problem 9E
Problem 10E
Problem 1PA
Problem 2PA
Problem 4PA
Problem 5PA
Problem 1PB
Problem 2PB
Problem 4PB
Problem 5PB
Problem 1A
Problem 2A
Problem 3A
Problem 4A
Problem 5A
Problem 1ACRPA
Problem 1ACRPB
Problem 1CP
BuyFindarrow_forward

College Accounting (Book Only): A ...

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

You are preparing a post-closing trial balance for the company where you work, but it doesn’t balance. You are tired, and besides, you don’t think the company pays you for this much hassle and extra time. You decide to increase the balance of an asset account to make the totals balance. Discuss this action and explain whether it is ethical or illegal.

To determine

Explain whether the decision to increase the balance of an asset account to balance the unbalanced post-closing trial balance, is ethical or legal.

Explanation

Post-closing trial balance: Post-closing trial balance is a summary of all the asset, liability, and capital accounts and their balances, after the closing entries are prepared. So, post-closing trial balance reports the balances of real or permanent accounts only.

It is both unethical and illegal to increase the balance of an asset account to balance the unbalanced post-closing trial balance...

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Chapter 5,
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Chapter 5 Solutions

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Ch-5 P-1QYCh-5 P-2QYCh-5 P-3QYCh-5 P-4QYCh-5 P-5QYCh-5 P-6QYCh-5 P-1DQCh-5 P-2DQCh-5 P-3DQCh-5 P-4DQ
Ch-5 P-5DQCh-5 P-6DQCh-5 P-7DQCh-5 P-8DQCh-5 P-9DQCh-5 P-1ECh-5 P-2ECh-5 P-3ECh-5 P-4ECh-5 P-5ECh-5 P-6ECh-5 P-7ECh-5 P-8ECh-5 P-9ECh-5 P-10ECh-5 P-1PACh-5 P-2PACh-5 P-4PACh-5 P-5PACh-5 P-1PBCh-5 P-2PBCh-5 P-4PBCh-5 P-5PBCh-5 P-1ACh-5 P-2ACh-5 P-3ACh-5 P-4ACh-5 P-5ACh-5 P-1ACRPACh-5 P-1ACRPBCh-5 P-1CP

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