What possible errors could happen and still allow trial

Reference no: EM133335080

Case Study: The mechanics of accounting involve analyzing the effect on the accounting equation of financial transactions. Knowing how transactions affect the accounting equation allows you to consider and account for all the ramifications of sometimes complicated transactions.

You are mentoring an accounting intern who asks for clarification about trial balances. She wants to know if a trial balance balances, would that guarantee that the trial balance is correct?

Question: Consider her question. What possible errors could happen and still allow the trial balance to balance?

Reference no: EM133335080

Questions Cloud

Analyze the potential impact or support each stakeholder : PMGT 701 Team Project Analyze the potential impact or support each stakeholder could generate, and classify them so as to define an approach strategy

Which is intended to recognize individual contribution : which is intended to recognize individual contribution, is rarely used to reward anyone and is entirely up to the CEO's discretion.

Discuss what strategies you would and would not use : Concerns have reached the stage where you have heard rumors through the "grapevine" that some employees want to unionize. In a well-organized report use

Concept of globalization : Name at least one example of a globalized business from each country {ex. McDonald's from North America, K-Pop from South Korear etc.).

What possible errors could happen and still allow trial : What possible errors could happen and still allow the trial balance to balance? analyzing the effect on the accounting equation of financial transactions.

Discuss future of the pharmaceutical package insert market : Potential short-term impact on PGP of the different scenarios that could be considered regarding the future of the pharmaceutical package insert market?

Describe strategies that companies can employ to help ensure : Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when relocation is involved

Discuss three methods of reducing barriers to treatment : Discuss three methods of reducing barriers to treatment. Argue the pros and cons of harm reduction.? Explain how social class affects the so-called

Implement a technical prototype of a game idea : F21GP Computer Games Programming, Heriot-Watt University - Implement a technical prototype of a game idea. You have many game ideas

User Account

All Pages