Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an account with a debit balance is posted on the credit side of the trial balance, and another account with a credit balance is

If an account with a debit balance is posted on the credit side of the trial balance, and another account with a credit balance is posted the debit side of the trial balance

total debits will definitely equal total credit on the trial balance
the trial balance will definitely be out of balance
the effect on the trial balance cannot be determined without knowing the balances of the misclassified accounts
none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Merchandising Math A Managerial Approach

Authors: Doris Kincade, Fay Gibson, Ginger Woodard

1st Edition

ISBN: 0130995886, 978-0130995889

More Books

Students also viewed these Accounting questions

Question

4-3. How does an abstract word differ from a concrete word? [LO-4]

Answered: 1 week ago