Chapter 6 True or False Form
What makes the if the trial balance columns are not equal and the difference can be evenly divided by 9 then the error most likely is a transposed number legally binding?
As the society ditches in-office work, the execution of documents more and more takes place electronically. The if the trial balance columns are not equal and the difference is 50 00 the error most likely is a 25 00 amount written in the wrong column isn’t an any different. Dealing with it using electronic means is different from doing so in the physical world.
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Handy tips for filling out If the trial balance columns are not equal and the difference can be evenly divided by 9 then the error most likely is a transposed number online
Quick steps to complete and e-sign If the trial balance columns are not equal and the difference can by divided evenly by 9 the error most likely is online:
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People also ask
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Could a trial balance difference of $2430 be caused by a decimal point error?
Could a trial balance difference of $2430 be caused by a decimal point of error? A trial balance difference of $2430 could be caused by a decimal point error because $2430 is evenly divisible by nine. (2700.00 written as 270.00 creates a difference of 2430.) -
What happens if the trial balance columns are not equal and the difference can be divided by 9?
If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transposed number. -
Are journals ledgers and work sheets considered permanent records True or false?
The given statement is false. Only journal and ledgers are the permanent records of a company as it gives the primary information about the business transactions that took place during the fiscal year. Worksheets are simply a planning tool and are not counted as a permanent record of the company. -
What are the four questions asked when analyzing an adjustment?
The four questions asked when analyzing an adjustment are: why? Where? When? And how? -
Which is not a permanent record of accounting?
Generally, the balance sheet accounts are permanent accounts, except for the owner's drawing account which is a balance sheet account and a temporary account. -
What are the four questions asked when analyzing an adjustment?
The four questions asked when analyzing an adjustment are: Why? Where? When? and How? -
Which of the following errors would cause the adjusted trial balance to be unequal?
Answer and Explanation: The correct answer is A. Errors of transposition. Errors of transposition will make the trial balance unequal because the recorded numbers' order can be reversed. -
Is a journal a permanent record True or false?
A transaction recorded in a journal is not considered a permanent record. Transactions are recorded in a journal in chronological order. A complete journal entry consists of the date, the debit amount, the credit amount, and a source document. -
Are journals considered permanent records?
Because scholarly journals provide a permanent record of research findings and these findings can influence important decisions affecting individuals and society, publishers and editors have a duty to ensure the integrity of everything they publish. -
Is ledger a permanent record of accounting?
This accounting-must functions as a permanent summary of all your supporting journals, such as the sales and cash receipts journal and the cash disbursements journal. In addition, your financial statements are built from the general ledger. -
What if the Trial Balance columns are not equal and the difference is 50?
If the Trial Balance columns are not equal and the difference is $50.00, the error most likely is a $25.00 amount written in the wrong column. -
What is the accounting concept consistent reporting?
Simply put, the Consistency Principle means that once your organization, or, more specifically, your bookkeeper or accounting department, adopts an accounting principle or method of documenting and reporting information, that method has to be used consistently moving forward.
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