A trial balance would only help in detecting which one of the following errors?
A) A transaction that is not journalized
B) A journal entry that is posted twice
C) Offsetting errors are made in recording the transaction
D) A transposition error when transferring the debit side of journal entry to the ledger

Question

Quizplus · Accepted Answer

The trial balance compares the total of debits and credits in the ledger accounts to ensure that they balance. If there is a transposition error when transferring the debit side of a journal entry to the ledger, the trial balance will detect it because the total debits and credits in the ledger will not be equal. However, the trial balance cannot detect errors such as a transaction that is not journalized, a journal entry that is posted twice, or offsetting errors made in recording a transaction.

A Trial Balance Would Only Help in Detecting Which One