Which one of the following errors is most likely to be revealed by the preparation of a trial balance even if a trial balance is in balance? a. A debit or a credit amount posted to the correct side but to the wrong account. b. Business transactions totally omitted from the books of the company. c. Business transactions recorded in the books but wih both the debit and credit misstated by equal amounts. d. none among the given choices
Which one of the following errors is most likely to be revealed by the preparation of a trial balance even if a trial balance is in balance? a. A debit or a credit amount posted to the correct side but to the wrong account. b. Business transactions totally omitted from the books of the company. c. Business transactions recorded in the books but wih both the debit and credit misstated by equal amounts. d. none among the given choices
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which one of the following errors is most likely to be revealed by the preparation of a
a. A debit or a credit amount posted to the correct side but to the wrong account.
b. Business transactions totally omitted from the books of the company.
c. Business transactions recorded in the books but wih both the debit and credit misstated by equal amounts.
d. none among the given choices
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