Asked by Vikki Yager on Apr 28, 2024

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Journalizing a transaction with both the debit and the credit for $69 instead of $96 will cause the trial balance to be out of balance.

Journalizing

The process of recording financial transactions in the journal as part of the accounting cycle.

Transaction

An economic event or condition that directly changes an entity's financial condition or its results of operations.

Debit And Credit

Fundamental concepts in accounting that represent the increase or decrease in an account balance; debits increase asset or expense accounts, while credits increase liability, equity, or revenue accounts.

  • Discern and apprehend inaccuracies in accounting practices and their consequences on financial statements.
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RP
Rachael Paley

Apr 29, 2024

Final Answer :
False
Explanation :
The trial balance will still balance because the error affects both sides of the equation equally, maintaining the overall balance despite the incorrect amounts.