Which is not a valid reason for trial balance to be consider

Assignment Help Financial Accounting
Reference no: EM132552216

Question 1: Which of the following is not a valid reason for a trial balance to be considered "out of balance"?

Option 1: an error in copying an account balance from the ledger to the trial balance

Option 2: a transposition error

Option 3: posting equality to both sides of an entry

Option 4: posting only one side of an entry

Reference no: EM132552216

Questions Cloud

What environmental trends did hain celestial base : What environmental trends could have a negative effect on this firm's strategy in the future? Why?
Potential negative effects of globalized operations : Which has a well-developed global supply chain, have done enough to manage the potential negative effects of their globalized operations?
What the company acid-test ratio would be : What The company acid-test ratio would be? Spanish Industries has the current assets and current liabilities on the company's balance sheet
Identify individual sources of resistance to change : Identify individual sources of resistance to change and explain how these resistances can be overcome.
Which is not a valid reason for trial balance to be consider : Which is not a valid reason for a trial balance to be considered "out of balance"? an error in copying an account balance from the ledger to the trial balance
Discuss the bcg matrix four elements with limitations : Critically discuss the BCG Matrix (The Growth - Share Matrix) four elements with limitations
What are evan total gross earnings : What are Evan's total gross earnings? Evan Jurrens writes test items for an online science educational software company. He gets paid $20 per plus $0.75
Describe the service capacity management : Describe the service capacity management using an example?
Role of accountants in system development projects : Discuss the internal control weaknesses and risks associated with the above process and Identify the risks exist in the conversion cycle of Central Production

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd