Which of the following would result in an error when preparing the Trial Balance?
A) Placing the Withdrawal account balance in the Debit column
B) Placing a Revenue account balance in the Credit column
C) Placing the balance in Prepaid Rent in the Credit column
D) Placing the Accounts Payable balance in the Credit column

Question

Quizplus · Accepted Answer

Prepaid Rent is an asset account and should have a debit balance. Placing it in the Credit column would result in an error.

Which of the Following Would Result in an Error When