10. While in the process or
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:40. While in the process of posting from the journal to the ledger, the accountant of X Company failed to
posta $50 debit to the Office Supplies account. The effect of this error will be as follows:
A. The Office Supplies account balance will be overstated
B. The trial balance will not balance.
C. The error will overstate the debits listed in the journal.
D. The total debits in the trial balance will be larger than the total credits.
E. This error will not make any difference.
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