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

Question

Quizplus · Accepted Answer

Balance incorrectly computed refers to account balance errors, which occur when the balance in an account is calculated incorrectly either during journalizing or posting. Trial balance preparation errors refer to errors made in the process of preparing the trial balance, and posting errors refer to errors made when recording transactions to the wrong account or with the wrong amount during posting. Therefore, the best choice is B.

Several Types of Errors Can Be Made During the Journalizing