Which of the errors listed below would cause the unadjusted trial balance to be out of balance?Failure to record an adjusting entryOverstating a liability balance by P100 and expense balance by the same amount.Posting only the debit portion of a journal entry. Interest on a 60-6% note payable for P6,000 was recorded and posted as a debit to Interest Expense of P600 and a credit to Cash of P600,

Trial balance is the summary of all general ledger account balances in the business. Both sides of…

Answered: Which of the errors listed below would…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the errors listed below would cause the unadjusted trial balance to be out of balance?

Failure to record an adjusting entry
Overstating a liability balance by P100 and expense balance by the same amount.
Posting only the debit portion of a journal entry.
Interest on a 60-6% note payable for P6,000 was recorded and posted as a debit to Interest Expense of P600 and a credit to Cash of P600,

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