As of March 31, Sweeney Inc. has the following account balances: When creating a trial balance,...
As of March 31, Sweeney Inc. has the following account balances:
When creating a trial balance, Sweeney's accounting staff accidentally enters an Accounts Receivable balance of $105. What effect will this error have on the firm's trial balance?
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A : The total debit balance will be $45 too high and the total credit balance will be $45 too low.
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B : The total debit balance will be $45 more than the total credit balance.
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C : The total debit balance will be $45 less than the total credit balance.
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D : The total debit balance will be $45 too low and the total credit balance will be $45 too high.
Homework Answers
The total debit balance will be $105 more than the total credit balance
Dear student please confirm the amount
Is it $ 105 or $45?
Because in question $105 is given but in options it's $45
And then write the answer
Add Answer to:
As of March 31, Sweeney Inc. has the following account
balances:
When creating a trial balance,...
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