Your trial balance does not balance, so you divide the difference between the debit and...

70.2K

Verified Solution

Question

Accounting

Your trial balance does not balance, so you divide the difference between the debit and credit column by 9. Your result is 5, suggesting which of the following might have happened?

A. You switched two digits in an amount in the journal.

B. You transferred a credit account as a debit account from the journal.

C. You omitted an account from the trial balance.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students