Trial balance prepared by an inexperienced accountant

Reference no: EM13128423

A trial balance prepared by an inexperienced accountant 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

Reference no: EM13128423

Questions Cloud

Five fundamental principles : How did the participants use the five fundamental principles addressed in the text? Were participants aware of the communication setting? Did they approach the event with an ego-centric view point or other orientation? Did they carefully choose and i..

Determine if particular overbooking strategy is sound : You have been retained as a consultant to SarParKingsGraUsch. Your job is to determine if this particular overbooking strategy is sound. Use simulation methods to perform your analysis.

Increase in height of sand pile with volume : At a sand and gravel plant, sand is falling off a conveyor and onto a conical pile at a rate of 10 cubic feet per minute. The diameter of the base of the cone is approximately 3x the altitude.

How many grams of iron are formed : How many grams of iron are formed when 275 grams of carbon monoxide react with excess Fe2O3

Trial balance prepared by an inexperienced accountant : A trial balance prepared by an inexperienced accountant showed total debits of $540,000 and total credits of $450,000. This discrepancy is most likely due to which type of error?

Find mean and standard deviation for sampling distribution : If the population mean for how much alumni spend is $115.50 per week eating out socially, what is the mean and standard deviation for the sampling distribution of x?

Differentiation and related rates : A baseball diamond has the shape of a square with sides 90 feet long. A player running from second base to third base at a speed of 28 feet per second is 30 feet from third base.

Provide the fund level entries in general journal : The Central Stores Fund of Cook City provides centralized management of purchasing, storage, and issue of supplies for the entire City. For the following summarized transactions and events for the year ended June 30, provide the fund level entries..

How many grams of n2h4 will be consumed : Consider the hydrazinenitrogen tetroxide rocket fuel reaction: 2N2H4 + N2O4 3N2 + 4H2O How many grams of N2H4 will be consumed by 46 g of N2O4?

User Account

All Pages