Identify the transposition error in the following trial balance, assuming this is the only error. Be Fabulous
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Identify the transposition error in the following trial balance, assuming this is the only error.
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Be Fabulous Flowers Trial Balance September 30, 2020 Acct. No. Account Debit Credit $ 9,800 101 Cash. 10,350 165 Equipment. Accounts payable. Tracy Rumanko, Capital. 201 750 3,800 301 403 Consulting revenue 17,000 640 Rent expense 4,100 $24,250 $21,550 Totals
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1 Subtract total debits in the trial balance from total credits 24...View the full answer
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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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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