Which of these errors is easiest to find and correct a failu
Which of these errors is easiest to find and correct?
(a) failure to record a transaction
(b) crediting sales revenue instead of account 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
Solution
option C is the correct answer
the Accumulated depreciation balance in the debot column of a trial balance
Since accumulated depreciation is a contra asset account , it normally has credit balance so it is the easiest to find and correct.Whereas for other errors one needs to check for errors and omissions
| option C is the correct answer the Accumulated depreciation balance in the debot column of a trial balance Since accumulated depreciation is a contra asset account , it normally has credit balance so it is the easiest to find and correct.Whereas for other errors one needs to check for errors and omissions |
