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

Question

Quizplus · Accepted Answer

Failing to post a $500 debit to the Office Supplies account means that the debit side of the ledger will be $500 less than it should be, causing the trial balance to not balance since the sum of debits will not equal the sum of credits.

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