Asked by Joseph Amberg on Jul 08, 2024

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Balance entered on wrong side of account.
A)Trial balance preparation errors
B)Account balance errors
C)Posting errors

Balance Entered

A term that is not typically used in standard financial or accounting lexicon; it could imply recording or entering a balance into financial records. NO.

Trial Balance Preparation

The process of creating a trial balance, which is a bookkeeping worksheet listing the balance of all ledgers for checking the mathematical correctness of the books.

Account Balance

The amount of money in a financial repository at any given moment, which can represent credit or debit balances.

  • Recognize and rectify typical accounting inaccuracies that impact the trial balance.
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ZK
Zybrea KnightJul 08, 2024
Final Answer :
b
Explanation :
When the balance is entered on the wrong side of the account, it is a type of account balance error. Trial balance preparation errors usually involve incorrectly totaling the debits and credits or omitting an account. Posting errors involve incorrectly transferring amounts from the journal to the ledger.