If a trial balance is not in balance (the Debit and Credit columns are not equal), a logical first step is to
A. check each account balance calculation.
B. check the addition of each column.
C. check each account balance in the general ledger to the trial balance number.
D. divide the difference by either 9 or 2.
Answer: B
You might also like to view...
If a company uses a two-variance analysis for overhead variances and uses a predetermined rate for absorbing manufacturing overhead, the production-volume variance is the:
a. Underapplied or overapplied variable cost element of overhead. b. Underapplied or overapplied fixed cost element of overhead. c. Difference in budgeted costs and actual costs of fixed overhead items. d. Difference in budgeted costs and actual costs of variable overhead items.
The focus of managerial accounting information is on the organization as a whole.
Answer the following statement true (T) or false (F)
Victoria is writing an e-mail message to her colleagues to encourage them to take part in a charitable fund-raiser. Her primary purpose is to ________
A) inform B) promote goodwill C) persuade D) intimidate
Unlike organizational development professionals, talent management professionals typically focus on training as well as team building, conflict management, employment development, and change management.
Answer the following statement true (T) or false (F)