43. When preparing 20X2 financial statements, you discover that deprecia- tion expense was not recorded in 20X1. Which of the following statements about correction of the error in 20X2 is not true? a. The correction requires a prior period adjustment. b. The correcting entry will be different than if the error had been corrected the previous year when it occurred. The 20X1 Depreciation Expense account will be involved in the correcting entry d. All above statements are true. 44. Which of the following is an accurate description of how failure to record an accrual is likely to be found? a. An expense that was not accrued is paid, but there is no payable on the books as there should be. b. A revenue that was not accrued is received, but there is no receiv- able on the books as there should be. c. A review of the trial balance reveals that an asset or liability account that is normally present after accruals are recorded is not present d. All above statements are accurate descriptions of how failure to record an accrual is likely to be found. 45. A comparison of this year's trial balance with last year's may be a good way to discover ... a. whether normal accruals were made this year b. whether normal deferrals were made this year c. errors in accruals or deferrals that have resulted in over- or under- statement of revenues or expenses d all of the above 46. When trying to find errors in a trial balance that does not balance, the first step should be to... a. work from the ledger to the trial balance to check the journal entries and postings for errors b. see if the ledger account balances have been calculated correctly c. work from the ledger to the trial balance to verify that ledger account balances were transferred to the correct debit or credit columns d. work from the trial balance to the ledger to verify that ledger account balances were transferred to the correct debit or credit columns