Joshua Rangel, the bookkeeper of Logan Co., was scheduled to leave on a 3-week vacation at 5:00
Question:
Joshua Rangel, the bookkeeper of Logan Co., was scheduled to leave on a 3-week vacation at 5:00 on Friday. He couldn’t get the company’s trial balance to balance. At 4:30, he decided to put in fictitious figures in his computer to make it balance. Joshua told himself he would fix it when he got back from his vacation. Was Joshua right or wrong to do this? Why?
Step by Step Answer:
The question in this case is whether Joshua should be allowed to put fic...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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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