Question two students are discussing the use of a trial, Ask an Expert

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Question: Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. What would you tell them?

(a) The bookkeeper debited Cash for $600 and credited Salaries and Wages Expense for $600 for payment of wages.

(b) Cash collected on account was debited to Cash for $800, and Service Revenue was credited for $80.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92652119

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