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THINK IT THROUGH Should You Compromise to Please Your Supervisor? You are an accountant for a small event-planning business. The business has been operating for
THINK IT THROUGH Should You Compromise to Please Your Supervisor? You are an accountant for a small event-planning business. The business has been operating for several years but does not have the resources for accounting software. This means you are preparing all steps in the accounting cycle by hand It is the end of the month and you have completed the post-closing trial balance. You notice that there is still a service revenue account balance listed on this trial balance. Why is it considered an error to have a revenue account on the post-closing trial balance? How do you fix this error? Flatrin
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