Answered: Which of the following errors will…

Which of the following errors will affect the trial balance totals? A) Error of omissionB) Error of principleC) Single-sided entryD) Compensating errori need help

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 14RQ

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Question

Which of the following errors will affect the trial balance totals?

A) Error of omission
B) Error of principle
C) Single-sided entry
D) Compensating error
i need help

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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