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 Equipment 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

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

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