Question: If the trial balance does not balance and the difference between debits and credits is evenly divisible by 9 , there is a good chance

If the trial balance does not balance and the difference between debits and credits is evenly divisible by 9, there is a good chance that a transposition or a slide has occurred.
True
False
If the trial balance does not balance and the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

0 PR 16-2A Statement of cash flows OBJ. 2,3,4,5 The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets...

Q:

I f the trial balance does not balance and the difference between debits and credits is evenly divisible by 9, there is a good chance that: A) a transaction has not been recorded B) a transaction has...

Q:

PURPOSE The purpose of Comprehensive Problem 1 is to review and reinforce your understanding of the accounting cycle. The number of transactions included in this comprehensive problem has been kept...

Q:

Mastering Correction of Accounting Errors Section 3-FINDING AND CORRECTING ERRORS USING THE UNADJUSTED TRIAL BALANCE 1. The unadjusted trial balance shows total debits of $66,000 and total credits of...

Q:

Question 1. 1. Exhibit 1 Exhibit 1 displays a sales invoice from Emagine IT Group. The journal entry to record this sale would be ________. (Points : 20) April 30 Accounts Receivable 1500 Service...

Q:

1.At month-end, Edwards Inc. has outstanding checks of $779, deposits in transit of $367, service charges from the bank of $55, interest income of $18, a check returned to the bank in the amount of...

Q:

1-A trial balance has total debits of $197900 and total credits of $199700 , which account may contain a transposition error ? A- a cash account with a balance of $900 b- an accounts receivable with...

Q:

A difference between debits and credits of $3,200 on the trial balance could be the result of which of the following? A A posting error of $3,200 B A transposition error where a balance of $8,943 is...

Q:

A trial balance has total debits of 1 9 7 , 9 0 0 and total credits of 1 1 9 9 7 0 0 which account may contain a transposition error a cash accounts with a balance of 9 0 0 and accounts receivable...

Q:

in a trial balance, if the total debits do not equal the total credits and the difference is divisible by 2, the error could be the result of.... a. adding or deleting one or more zeros to or from an...

Q:

in the trial balance if the total debits do not equal the total credits in the difference is divisible by two could the era be the results of showing a debit balance as a credit or credit balance as...

Q:

Linus Hugt owns Linus Blankets. Linus asks you to explain how he should treat the following reconciling items when reconciling the companys bank account. 1. Outstanding checks 2. A deposit in transit...

Q:

A university Endowment Fund is evaluated using Top-Down and Bottom-Up analysis, and against a 40:60 (Bonds:Equity) benchmark. The evaluation used the Fund and Benchmark performance over 10 year...

Q:

53. Skaters and dancers are energetic individuals. (S, D, E, I) ) Translate the following statements into symbolic form. Avoid negation signs preceding quantifiers. Th e predicate letters are given...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...