A company omitted a journal entry to record service revenue of $12,000 on account.Is the trial balance out of balance?
A)No.
B)Yes,by $12,000.
C)Yes,by $24,000.
D)Yes,by an indeterminate amount.

Name: A company omitted a journal entry to record service revenue of $12,000 on account.Is the trial balance out of balance? A)No. B)Yes,by $12,000. C)Yes,by $24,000. D)Yes,by an indeterminate amount.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

The trial balance will still balance as no entry was written for debit or credit.

A Company Omitted a Journal Entry to Record Service Revenue