Describe the types of errors that: a. Cause a trial balance to disagree; b. Do not cause
Question:
a. Cause a trial balance to disagree;
b. Do not cause a trial balance to disagree?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a Errors that cause a trial balance to disagree 1 Arithmetic errors such as the incorrect addition of the amounts on one side of an account andor in the calculation of a balance Adding in accounting i...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
Question Posted:
Related Video
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
Students also viewed these Accounting questions
-
Describe the types of expenses that can be deducted for moving expenses.
-
Describe the types of expenses that constitute miscellaneous itemized deductions and explain why these expenses rarely produce any tax benefits.
-
Describe the types of selection tests that companies use to evaluate job candidates.
-
Use the following data to determine the total dollar amount of assets to be classified as Long-Term: Sons of Anarchy Office Supplies Balance Sheet December 31, 2029 Cash $ 130,000 Accounts payable $...
-
Underapplied or overapplied overhead can be broken down into what four variances?
-
An IS project is composed of content within a given context. Explain the concepts of content and context with the help of a diagram. Which is more important and why?
-
Explain to management the strengths and weaknesses of the payback period method as a means for evaluating capital outlays. LO.1
-
Famas Llamas has a weighted average cost of capital of 8.9 percent. The companys cost of equity is 12 percent and its cost of debt is 7.9 percent. The tax rate is 35 percent. What is Famas target...
-
One result of earnings management is: Multiple Choice It brings into question the quality of earnings O It uses a non-GAAP financial measure to manipulate earnings EBITDA does not reflect GAAP...
-
The Apex Company sold a water softener to Marty Smith. The price of the unit was $350. Marty asked for a deferred payment plan, and a contract was written. Under the contract, the buyer could delay...
-
The following particulars relating to the year ended 31 March 20X3 have been extracted from the books of a trader:...
-
At the end of January 20X3 a trial balance extracted from the ledger of Gerald Ltd did not balance and a suspense account was opened for the amount of the difference. Subsequently, the following...
-
Anna received tangible personal property with a fair market value of $65,000 as a gift in 2011. The donor had purchased the property for $77,000 and had taken $77,000 of depreciation. Anna used the...
-
ASA TOUR TEACHER PRACTICE ANOTHER A linear programming computer package needed ams Currently, pretional plans are under way for this year's programs Advertising ateratives include television The...
-
Mastery Problem: Activity-Based Costing WoolCorp WoolCorp buys sheeps wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing,...
-
.1 Exploring Matrix Multiplication The table shows the first two test scores for Anna, Bruce, Chris, and David. Use the table to create a 4x2 matrix M to represent the data. This is Project 2.1 in...
-
Before tackling the Rosewood case, this initial question tests your ability to compute the CLV metric and then apply it in a simple breakeven analysis. The data below show the results of a Starbucks...
-
True or False: Secondary analysis involves the firsthand collection of data by the researcher. True False True or False: Research oriented data sets are collected according to stringent measurement...
-
Find the word or phrase from the list below that best matches the description in the following questions. Use the numbers to the left of words in the answer. Each answer should be used only once....
-
Write an SQL statement to display all data on products having a QuantityOnHand greater than 0.
-
When a company makes a bank deposit, it debits its cash account. Why might a bank say the company's account was "credited"?
-
A newly created weekly free newspaper has approached your bank seeking a loan. Although the newspaper is free, it gets significant revenue from advertising. In the first 2 months of operations, it...
-
If a company accepts bank credit cards, why might it accept specific cards instead of all of them? For example, some retailers accept VISA and MasterCard, but not American Express or Diner's Club ,...
-
The number of hours studied and the scores that students earned are shown. Creating a scatter chart, which statement is true regarding the relationship between the hours of study and scores earned....
-
Five samples of 12 each were extracted from a population. Based on the central limit theorem, what is the best estimate of the SD of the population? A B C D E 270 230 290 238 315 303 274 270 246 244...
-
In a national test, the mean score was 1575 and the standard deviation was 85. What % of the students earned a score between1500 and 1600 if the scores were Normally distributed?
Study smarter with the SolutionInn App