A trial balance will not balance if:a.a correct journal entry is posted twice.b.the purchase of supplies on account is debited to Supplies and credited to Cash.c.a $100 cash drawing by the owner is debited to Owner’s Drawings for $1,000 and credited to Cash for $100.d.a $450 payment on account is debited to Accounts Payable for $45 and credited to Cash for $45

Which of these errors will cause the Trial Balance to be out of balance?Select one:a.All of these errors.b.Purchase of supplies for cash pf P 1,500 is posted as debit to Cash and credit to Supplies Expense.c.A collection from a customer of P250 was recorded as debit to Accounts Receivable and credit to Cash for the same amount.d.Sales on credit of P850 were recorded as debit to Accounts Receivable of P850 and credit to Sales of P580.

A trial balance does not balance. The difference has been entered in a suspense account. The following errors are found. 1 A cash payment of $630 for rent has been credited in the cash book and debited to the irrecoverable debts account. 2 The provision for depreciation account has been overcast by $960. 3 The purchases ledger control account balance of $48 300 has been included as a debit balance. What is the correcting debit entry to the suspense account? A $47 340 B $95 010 C $95 640 D $97 560

Which of the following statements explains what a trial balance is?Multiple choice question.A trial balance proves that debit balances equal debit balances within the general ledger.A trial balance is prepared before posting of any journal entries.A trial balance confirms that the sum of debit account balances equals the sum of credit account balances.A trial balance confirms that no mistakes were made in recording transactions.

The trial balance can help in detecting errors. Identify which of the following errors would be detected at the point of extracting a trial balance. 1-The bookkeeper enters cash received of Sh 50,000 from Peter Jones as a debit in the cashbook but enters the credit of Sh 50,000 in the ledger account of Roger Jones. 2-The bookkeeper enters a cash sale as a credit of Sh 4,000 in the cash book and as a debit of Sh 4,000 in the sales account. 3-The bookkeeper omits a cash sale of Sh 23,000 from the cash book and from the sales accounts. 4-The bookkeeper enters a cash sale as a debit of Sh 49,000 in the cash book and as a credit of Sh 94,000 in the sales account Choose: not possible to tell; will not be detected, trial balance will still agree; will be detected by the trial balance not agreeing; may or may not be detected

When a trial balance balances, it is an indication that: Group of answer choices all journal entries have been posted. the account balances are correct. total debits equal total credits. all transactions have been journalised.