Since cash is increased with a debit, it must always have a debit balance.
Correct Answer:
Verified
Q145: A bookkeeper posted the same journal entry
Q147: The financial statements can be prepared from
Q148: The normal balance of a revenue account
Q149: If the bookkeeper forgot to record a
Q150: When computing the normal balance of an
Q151: Which error will be uncovered by a
Q153: Business managers must often make decisions without
Q154: The normal balance of an expense account
Q155: If a posting error has occurred when
Q157: The only way to find a transposition
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents