Question
Assume that you and another accounting student are working on a class project together. This project involves reviewing a set of accounting records to look
Assume that you and another accounting student are working on a class project together. This project involves reviewing a set of accounting records to look for errors. She has just prepared a trial balance of the ledger and has informed you that there are no errors.
When you ask her how she knows this, she replies that the trial balance is in balance, which means there are no errors. Is her thinking incorrect? Yes or No and why not?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Preparing a trial balance to detect any mathematical ...
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
