A trial balance showed total debits of $540,000 and total credits of $450,000. This discrepancy is most likely due to which type of error?
A) Slide
B) Transposition
C) Mislabeling
D) Failure to post a transaction
Correct Answer:
Verified
Q97: Credits to revenue accounts ultimately result in
Q99: The normal balance of an account:
A)is always
Q100: Double-entry accounting means that each transaction:
A)increases at
Q101: A chart of accounts is organized in
Q103: When the trial balance is out of
Q104: A trial balance is an optional financial
Q105: The trial balance is used to determine
Q106: The T-account is a tool for visualizing
Q107: The normal balance of a revenue account
Q133: An owner makes an investment of cash
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