A trial balance does not identify all types of errors. Which of the following are errors that are not identified using the trial balance?
A) incorrectly recording the transaction amount, but the debits still equal the credits
B) incorrectly posting part of a journal entry to the wrong account
C) not recording a transaction
D) All of these answer choices represent errors that are not identified using the trial balance.

Question

Quizplus · Accepted Answer

A trial balance checks if the total debits equal the total credits, but it cannot identify errors like incorrect amounts (as long as debits equal credits), posting to the wrong account, or omitted transactions, because these errors don't affect the overall balance between debits and credits.

A Trial Balance Does Not Identify All Types of Errors