Question 46

b. A revenue that was not accrueu 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. comparison of this year's trial balance with last year's may be a good 45. A way to discover... a. whether normal accruals were made this year b. whether normal deferrals were made this year c. errors in acc ruals or deferrals that have resulted in over- or under- statement of revenues or expenses d. all of the above When trying to find errors in a trial balance that does not balance, the first step should be to 46. a. work from the ledger to the trial balance to check the journal entries and postings for errors b. see if the ledger accou nt balances have been calculated correctly Cwork 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