Posting from the journals of Lexite Sales is complete. But the total of the individual balances in

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Posting from the journals of Lexite Sales is complete. But the total of the individual balances in the accounts payable subsidiary ledger does not equal the balance in the Accounts Payable control account in the general ledger. Does this discrepancy necessarily indicate that the trial balance is out of balance? Explain.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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