1. If a trial balance is in balance, does that mean that all the accounting work was done correctly? What errors might have occured in the accounting information system that would not be revealed if the trial balance is in balance 2. What would happen if a liability (from a customer deposit, for instance), was recorded as a credit to revenue? The trial balance would balance, but how would the financial statements be impacted? 3. What would happen if an expense (a debit balance account) was recorded as an asset? Again, the trial balance would balance, but how would the financial statements be impacted