Asked by
Tanner Jones
on Nov 15, 2024
Verified
Correctly posting a transaction twice will cause the trial balance totals to be unequal.
Posting
The process of transferring entries from a journal to the respective accounts in the general ledger.
Trial Balance
A financial statement listing each account and its balance, used to verify equality of debits and credits.
- Discern common miscalculations in accounting practices and learn the procedures for their adjustment.
Verified Answer
JR
Learning Objectives
- Discern common miscalculations in accounting practices and learn the procedures for their adjustment.
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