Question
Select the reasons a trial balance can balance but still be wrong. A. Debits and credits are reversed B. Transposing a value when entering a
Select the reasons a trial balance can balance but still be wrong.
A. | Debits and credits are reversed | |
B. | Transposing a value when entering a journal entry | |
C. | Using accounting software made for business owners instead of accountants | |
D. | Posting a journal to the wrong accounts. | |
E. | Posting incorrect values into entries. | |
F. | Omitting a journal entry that should have been posted. | |
G. | Not having a supervisor sign off on journal entries before posting. | |
H. | Adjusting entries were made prior to running the trial balance. | |
I. | Multiple transactions were entered into one journal entry instead of one journal entry per transactions | |
J. | Posting the same journal entry twice |
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