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    kekebrown's Avatar
    kekebrown Posts: 20, Reputation: 0
    New Member
     
    #1

    Aug 23, 2008, 10:53 AM
    Trial balance
    Even when a trial balance is in balance, there may be errors in the individual accounts.

    TRUE/ FALSE

    I think it is true, it is a trial not a final balance
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Aug 23, 2008, 04:56 PM
    True is the correct answer.

    One example could be, you debit Accounts Receivable for 200 instead of a debit to Cash
    lwelch's Avatar
    lwelch Posts: 29, Reputation: 6
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    #3

    Aug 23, 2008, 05:04 PM
    Very True

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