Asked by
Adrianna Nottingham
on Nov 18, 2024Verified
Amount incorrectly entered on trial balance.
A)Trial balance preparation errors
B)Account balance errors
C)Posting errors
Trial Balance
An accounting report that lists all the balances in a company's ledger accounts, used to check the accuracy of bookkeeping entries.
Account Balance
The amount of money held in a financial repository, such as a bank account, at any given moment, reflecting all completed transactions.
Posting Errors
Mistakes made during the recording of financial transactions to the general ledger or subsidiary ledgers.
- Pinpoint and amend typical errors encountered in journal entries and postings.
Verified Answer
BM
Learning Objectives
- Pinpoint and amend typical errors encountered in journal entries and postings.