Recording a payment for utilities as a debit to vehicle expense would not cause the trial balance to be out of balance.

Name: Recording a payment for utilities as a debit to vehicle expense would not cause the trial balance to be out of balance.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Recording a payment for utilities as a debit to vehicle expense would not cause the trial balance to be out of balance because both are expense accounts and the total debits and credits would still match. However, it would misclassify the expense.

Recording a Payment for Utilities as a Debit to Vehicle