A trial balance prepared by an inexperienced accountant showed total debits of $360,000 and total credits of $36,000. This discrepancy is most likely due to which type of error?

Question

Quizplus · Accepted Answer

A slide error occurs when the decimal point is misplaced, such as writing $360,000 instead of $36,000, which would explain the discrepancy in the trial balance.

A Trial Balance Prepared by an Inexperienced Accountant Showed Total