Question
Which one of the following accounting errors would cause acompany's trial balance to be out ofbalance? Question 13 options: Overstating an asset balance by$1,000 and
Which one of the following accounting errors would cause acompany's trial balance to be out ofbalance?
Question 13 options:
Overstating an asset balance by$1,000 and a revenue account balance by the same amount.
Failure to post the debit of a journal entry to the proper account, for example, a debit recorded salaries expense instead of depreciation expense.
Recording $1,000 cash collected from a customer as a debit to the cash account and a debit to the accounts receivable account.
Recording a $7,000 revenue transaction by crediting accounts receivable and debiting revenue.
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