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While in the process of posting from the journal to the ledger, a company failed...

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Question

Accounting

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:

Multiple Choice

  • The Equipment account balance will be overstated.

  • The error will overstate the credits listed in the journal.

  • The total debits in the trial balance will be larger than the total credits.

  • The error will overstate the debits listed in the journal.

  • The trial balance will not balance.

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