Solved

When Listing the Assets in the Trial Balance,the Balance for Accounts

Question 196

Multiple Choice

When listing the assets in the trial balance,the balance for Accounts Receivable was transposed.The correct balance is $4,100 and the amount was written as $1,400.Is the trial balance out of balance?


A) No.
B) Yes,by $1,400.
C) Yes,by $2,700.
D) Yes,by $4,100.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents