Which type of error is most likely to make the trial balance totals disagree?
Correct answer: A. Posting a transaction to one side only
- A. Posting a transaction to one side only
- B. Omitting a transaction completely
- C. Recording equal wrong amounts on both sides
- D. Using the wrong account of the same class
Explanation
If only one side of a double entry is posted, the debit and credit totals differ, so the trial balance will usually disagree. Complete omission and errors affecting both sides equally may leave the totals equal.
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About Ledger Accounts and the Trial Balance
Ledger accounts collect transactions under individual headings and use debit and credit sides to determine balances. The trial balance lists those balances to check arithmetical agreement before financial statements are prepared, but it does not reveal every error, such as complete omission, compensating errors or entries made in the wrong account.
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