Which of the following would result in an error when preparing the Trial Balance?
A)Placing the Accounts Payable balance in the Credit column
B)Placing the Withdrawal account balance in the Debit column
C)Placing a Revenue account balance in the Credit column
D)Placing the balance in Prepaid Rent in the Credit column

Question

Quizplus · Accepted Answer

Prepaid Rent is an asset account and should have a debit balance, so placing its balance in the Credit column would result in an error.

Which of the Following Would Result in an Error When