If an entry is correctly journalized, but posted to the incorrect accounts, with equal debits and credits, the trial balance will still be out of balance.

Name: If an entry is correctly journalized, but posted to the incorrect accounts, with equal debits and credits, the trial balance will still be out of balance.
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Question

Quizplus · Accepted Answer

If an entry is correctly journalized with equal debits and credits, the trial balance will be in balance regardless of whether it is posted to the correct accounts or not.

If an Entry Is Correctly Journalized, but Posted to the Incorrect