When listing the assets in the trial balance, the balance for Accounts Receivable was transposed. The correct balance is $2100 and the amount was written as $1200. Is the trial balance out of balance?
A)No.
B)Yes, by $1200.
C)Yes, by $900.
D)Yes, by $2100.

Question

Quizplus · Accepted Answer

The trial balance is out of balance by $900 because the difference between the transposed amount ($1200) and the correct amount ($2100) is $900.

When Listing the Assets in the Trial Balance, the Balance