What if your trial balance were out of balance by a small amount, for example by $8.39?
Question:
What if your trial balance were out of balance by a small amount, for example by $8.39? Is it worthwhile to find the reason for differences? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
If the trial balance is out of balance by a small amo...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Business questions
-
Why may a trial balance not contain up-to-date and complete financial information?
-
If you were interested in finding out whether or not young adults (21 - 34 years old) are more likely to buy products online than older adults (35 or more years old), how would you phrase your null...
-
Why may it be worthwhile for a corporation to pay an additional salary or bonus to its shareholder/manager, even though he or she does not require additional funds?
-
Suppose that in response to a negative supply shock, the Federal Reserve raises interest rates. Their reason for doing this might be to Keep the economy from overheating Shift SRAS to the right Move...
-
Suppose that you are the accounting manager of a division in a large company and your remuneration is partly based on meeting an earnings target. In the current year, it seems certain that your...
-
An analysis of the Marketable Securities control account of Fancher Products, Inc., shows the following entries during the year. Balance, Jan. 1....................... $ 290,000 Debit entries...
-
The crank in the slider-crank mechanism shown in Fig. 12.27 rotates at a constant clockwise angular speed of \(1000 \mathrm{rpm}\). Find the stresses in the connecting rod and the crank when the...
-
Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20--, is shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000...
-
1. If a 3 3 matrix A has det(A) = 1, find det (A), det(-A), det(A), and det(A).
-
The Bayside Art Gallery is considering installing a video camera security system to reduce its insurance premiums. A diagram of the eight display rooms that Bayside uses for exhibitions is shown in...
-
A partial chart of accounts for Kits & Pups Grooming follows. Instructions 1. In your working papers, open an account in the general ledger for each of these accounts. 2. Record the March...
-
Imagine that you are an accounting clerk for Ace Hardware. The store manager has asked you to prepare the trial balance. The totals on the trial balance are not equal and you cannot find the error....
-
The demand for refurbished cell phones is experiencing a decline. The company wants to monitor cell phone demand closely. The trend-adjusted exponential smoothing method is used with = 0.1 and =...
-
Consider an environment with one consumer, two firms, and two goods, a and b. (a) The consumer's utility from consuming xa R+ of good a and x R+ u(xa, xb) = and the consumer's wealth is 10. Solve the...
-
You are the leader of a poor country. International financial institutions offer you US$100 million to stimulate economic growth. Name one policy that you would implement to achieve this goal. Be...
-
5. You are choosing between two goods, X and Y, and your mar- ginal utility from each is as shown in the following table. If your income is $9 and the prices of X and Y are $2 and $1, respec- tively,...
-
Describe how critically analyzing multiculturalism has positively informed your personal experience. Describe how examining your bias has altered the way you perceive the world. Explain how...
-
Charles's House of Music wants to purchase Transposelt, a system that transposes any song in its database and prints sheet music in the requested key. This system allows singers to obtain sheet music...
-
Refer to E3-15. E3-15 Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided...
-
Problem 3.5 (4 points). We will prove, in steps, that rank (L) = rank(LT) for any LE Rnxm (a) Prove that rank (L) = rank (LTL). (Hint: use Problem 3.4.) (b) Use part (a) to deduce that that rank(L) =...
-
Define employee involvement and participation and identify the two major forms of employee involvement.
-
Choose a variable-pay program and describe its motivational impact.
-
Can motivational theories be applied across cultures?
-
This project requires an investment in fixed assets, at time 0, of 44,000,000. Assets will be depreciated straight line in 5 years. This project has a 4 year life. The revenues for each of the 4...
-
Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year - end, the Work in Process Inventory account shows the following. Work in Process Inventory Date Explanation...
-
T-bill with a $10,000 par has 174 days until maturity. The T-bill has a bank discount bid quote of 2.208% and ask quote of 2.198%. What is the return on the investment in this T-bill if the trader...
Study smarter with the SolutionInn App