Question: Correcting Errors in the Trial Balance You own a small consulting business. Each month, you prepare a trial balance showing your companys position. After preparing
Correcting Errors in the Trial Balance You own a small consulting business. Each month, you prepare a trial balance showing your companys position. After preparing your trial balance this month, you discover that it does not balance. The debit column shows $2,000 more dollars than the credit column. You decide to investigate this error. What methods could you use to find the error? What are the ramifications if you do not find and fix this error? How can you minimize these types of errors in the future?
Task Requirement:
Write a 300- to 500-word description in which you discuss and answer the above questions
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
