A trial balance prepared by an inexperienced accountant, Ask an Expert

Accounting

A trial balance prepared by an inexperienced accountant showed total debits of $540,000 and total credits of $450,000. This discrepancy is most likely due to which type of error?

A. Slide

B. Transposition

C. Mislabeling

D. Failure to post a transaction

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408626

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