Posting from the journals of Barnstormer Brewery is complete. But the total of the individual balances in
Question:
Posting from the journals of Barnstormer Brewery is complete. But the total of the individual balances in the accounts payable subsidiary ledger does not equal the balance in the Accounts Payable control account in the general ledger. Does this mean that the trial balance is out of balance? Explain.
Step by Step Answer:
If the total of the individual balances in the accounts payable subsidiary ledger does not equal the balance in the Accounts Payable control account i...View the full answer
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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
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