Asked by
Majid Ibrahim
on Nov 12, 2024
Verified
Balance entered on wrong side of account
A) Trial balance preparation errors
B) Account balance errors
C) Posting errors
Challenging
Journalizing
A process in accounting that involves recording transactions in a journal before they are transferred to a ledger.
Posting Process
The act of transferring entries from a company's journal to the appropriate accounts in the general ledger.
Balance Errors
Mistakes in the accounting process that lead to discrepancies in the trial balance, often requiring adjustments to correct.
- Recognize and classify different types of errors in the journalizing and posting process.
Verified Answer
AS
Learning Objectives
- Recognize and classify different types of errors in the journalizing and posting process.