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

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 paymen

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