Asked by Kylie Scott on May 08, 2024
Verified
Journalizing a transaction with both the debit and the credit for $87 instead of the correct amount of $78 will cause the trial balance to be out of balance.
Journalizing
The act of entering business transactions into the accounting journal in a systematic manner.
Trial Balance
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.
- Detect typical inaccuracies within the accounting operations and become acquainted with the corrective measures.
Verified Answer
RO
Redelyn OrozcoMay 09, 2024
Final Answer :
False
Explanation :
The trial balance will still balance because the error is equal on both the debit and credit sides, maintaining the overall balance.
Learning Objectives
- Detect typical inaccuracies within the accounting operations and become acquainted with the corrective measures.