After posting is completed, there may be an error if:
A) The sum of the supplier account balances does not equal the general ledger Accounts Payable controlling account balance.
B) The sum of the accounts receivable ledger does not equal the balance in the sales journal.
C) The sum of the accounts receivable ledger does not equal the balance in the Sales account.
D) The sum of the supplier account balances does not equal the total in the purchases journal.
E) The balance in the sales journal does not equal the Accounts Receivable account balance.

Question

Quizplus · Accepted Answer

In order to ensure accuracy in financial record keeping, the sum of the supplier account balances should match the balance in the Accounts Payable controlling account in the general ledger. If they do not match, there may be an error in recording transactions.

After Posting Is Completed, There May Be an Error If