Complete the following table by filling in the blanks. For each of the listed posting errors: 1.
Question:
Complete the following table by filling in the blanks. For each of the listed posting errors:
1. Enter in column (1) the amount of the difference that the error would create between the two trial balance columns (show a zero if the columns would balance).
2. Identify if there would be a difference between the two columns, and identify in column (2) the trial balance column that would be larger.
3. Identify the account(s) affected in column (3).
4. Identify the amount by which the account(s) is (are) under-or overstated in column (4). The answer for the first error is provided as an example.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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