The Accounts Payable and Cash columns in the cash payments journal were unknowingly overstated by $900 at

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The Accounts Payable and Cash columns in the cash payments journal were unknowingly overstated by $900 at the end of the month.
(a) Assuming no other errors in recording or posting, will the error cause the trial balance totals to be unequal?
(b) Will the creditors ledger agree with the accounts payable control account?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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