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saba999
May 2, 2012, 11:23 AM
Which of these errors is easiest to find and correct?

a. Failure to record a transaction
b. crediting Sales Revenue instead of Accounts Receivable for a payment
c. the Accumulated depreciation balance in the debit column of a trial balance
d. incorrect computation of the Notes Payable account balance

pready
May 2, 2012, 11:28 AM
C. Because you can see it on a trial balance. AccumulatedDepreciation is a Contra Asset account and it has a normal credit balance.

The others would require some work into finding and correcting the error.

saba999
May 2, 2012, 02:17 PM
Thanks very much Pready, you explain in a good way.Is this possible you can reply my few other accounting questions?