
Concept Introduction
The Trial Balance is a list of closing balance of all the ledger accounts on a particular date. It is a summary of all T-account balances in the ledger and the total of debit and credit balances should always match.
Posting errors:
Posting errors are errors of posting the wrong amount or posting in wrong accounts while carrying over an entry from a journal to a ledger.
To Comment:
Whether the debit column total of the trial balance is overstated, understated, or correctly statedt.
To Comments:
Whether the Automobiles account balance is overstated, understated, or correctly stated in the trial balance.
To Comments:
Whether the Accounts Payable account balance is overstated, understated, or correctly stated in the trial balance.
To Calculate:
The total of credit column before the correction of error.

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Chapter 2 Solutions
Fundamental Accounting Principles
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