While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:
A) The error will overstate the credits listed in the journal.
B) The trial balance will not balance.
C) The total debits in the trial balance will be larger than the total credits.
D) The error will overstate the debits listed in the journal.
E) The Equipment account balance will be overstated.

Question

Quizplus · Accepted Answer

The trial balance will not balance because the $500 debit was not posted, causing a discrepancy between total debits and total credits.

While in the Process of Posting from the Journal to the Ledger