BAF 3M 🏁 Ch. 7 RETAKE A
star
star
star
star
star
Last updated about 1 year ago
7 questions
3
The balance column account has three money columns, one for each of the following: _______ ,_______ , and _______
1
A definition of _______ is to transfer information about transactions from a
journal to a ledger.
1
The process of continuing an account or a journal on a new page by carrying forward all relevant information from the completed page is known as _______.
2
An error found soon after it is made is corrected by _______ the error and
writing the correct amount _______ .
1
An error found after quite some time requires a(n) _______ .
2
There are six steps in posting. The number of steps completed in the ledger is _______
and in the journal is _______ .
2
If a $335 debit item in the general journal is posted as a credit, by how much will the trial balance be out of balance? Explain how you might detect such an error.
If a $335 debit item in the general journal is posted as a credit, by how much will the trial balance be out of balance? Explain how you might detect such an error.