In the accounting cycle, if the two totals of the trial balance are
NOT equal, it could be due to the following type of error:
a. failure to record a transaction of post a transaction.
b. recording the same erroneous amount for both debit and credit
parts of a transaction.
c. error in determining the account balances, such as a balance
being incorrectly computed.
d. recording the same transaction more than once.
NOT equal, it could be due to the following type of error:
a. failure to record a transaction of post a transaction.
b. recording the same erroneous amount for both debit and credit
parts of a transaction.
c. error in determining the account balances, such as a balance
being incorrectly computed.
d. recording the same transaction more than once.
Answer
c. error in determining the account balances, such as a balance
being incorrectly computed.
is correct.
