Several types of errors can be made during the journalizing and posting process. Match the following with their best description.
-Amount incorrectly entered on trial balance
A)Trial balance preparation errors
B)Account balance errors
C)Posting errors
Challenging

Question

Quizplus · Accepted Answer

Trial balance preparation errors occur when amounts are incorrectly entered on the trial balance, which is the process of compiling the balances of all ledger accounts to ensure that debits equal credits. This type of error specifically relates to the preparation phase of the trial balance, not the initial journalizing or posting of transactions to ledger accounts.

Several Types of Errors Can Be Made During the Journalizing