Asked by

jerome williams
on Nov 15, 2024

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Which of the following transactions would cause the trial balance to be out of balance?

A) A debit to Cash and a debit to Equipment for the same amount
B) A credit to Cash and a debit to Supplies for the same amount
C) A debit to Accounts Receivable and a credit to Accounting Fees for the same amount
D) All of these answers are correct.

Trial Balance

A financial statement that lists all the balances of a company's general ledger accounts at a specific point in time, ensuring that debits equal credits.

Transactions

Actions or activities conducted by a company that affect its financial statements, such as sales, purchases, and payments.

  • Acknowledge usual errors encountered in the accounting system and acquire knowledge on the processes for their correction.
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AH
Alejandro hernandezNov 17, 2024
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