If a $100 debit is erroneously posted to an account as a $100 credit,the accounts will be out of balance by $100.

Name: If a $100 debit is erroneously posted to an account as a $100 credit,the accounts will be out of balance by $100.
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Question

Quizplus · Accepted Answer

The accounts will actually be out of balance by $200 because the error effectively moves the account balance in the opposite direction by twice the amount of the error: once for the missing debit and once for the erroneous credit.

If a $100 Debit Is Erroneously Posted to an Account