Question: While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to
While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to the Office Supplies account The effect of this error will be as follows: Muitiple Cholce The Office Supplies account balance will be overstated. The total debits in the trial balance will be larger than the total credits.
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Correct answer The trial balance will not balance Explanation Journal suppl... View full answer
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