A transposition error will cause the trial balance to be out of balance by an amount that is evenly divisible by two.
Correct Answer:
Verified
Q22: When a company records the purchase of
Q23: In a journal entry,debits are always indented.
Q24: A trial balance is normally prepared at
Q25: In a trial balance,all debits are listed
Q26: A journal entry is a notation that
Q28: The journal is a chronological record of
Q29: In a journal entry,the Post.Ref.column is left
Q30: One might see "J5" correctly placed in
Q31: When the columns of the trial balance
Q32: Liabilities are established with credits and eliminated
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