Asked by
Fares Huraibi
on Nov 12, 2024
Verified
Debit posted as credit, or vice versa
A) Trial balance preparation errors
B) Account balance errors
C) Posting errors
Challenging
Journalizing
The process of recording transactions in a company's journal, marking the first step in the accounting cycle.
Posting Process
The procedure of transferring journal entry amounts to their respective accounts in the ledger.
Debit Posted
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
- Identify and array various mistakes present in the process of journalizing and posting.
Verified Answer
ES
Learning Objectives
- Identify and array various mistakes present in the process of journalizing and posting.