A trial balance showed total debits of $360,000 and total credits of $36,000. This discrepancy is most likely due to which type of error?
A)Slide
B)Transposition
C)Mislabeling
D)Failure to post a transaction

Question

Quizplus · Accepted Answer

A slide error occurs when a decimal point is misplaced, such as recording $360,000 instead of $36,000, which would explain the discrepancy in the trial balance.

A Trial Balance Showed Total Debits of $360,000 and Total