Asked by
Selina Salazar
on Nov 18, 2024Verified
Debit posted as credit, or vice versa.
A)Trial balance preparation errors
B)Account balance errors
C)Posting errors
Posting Errors
Mistakes that occur when transferring journal entries to the ledger accounts, which can lead to discrepancies in financial records.
Trial Balance
A financial statement that lists all balances in a firm's general ledger accounts at a specific point in time to verify that debits equal credits.
Account Balance
The amount of money in a financial repository, such as a bank account, at any given moment.
- Identify and correct common journalizing and posting errors.
Verified Answer
DN
Learning Objectives
- Identify and correct common journalizing and posting errors.