Asked by Lucas Castro on Apr 25, 2024
Verified
Wrong amount posted to an account
A) Trial balance preparation errors
B) Account balance errors
C) Posting errors
Challenging
Journalizing
The process of recording transactions in a company's journal before they are posted to the general ledger.
Posting Process
The act of transferring entries from the journal to the respective ledger accounts to keep financial records accurate and up-to-date.
Wrong Amount
Errors in financial transactions that result in the recording of inaccurate figures in accounting systems.
- Recognize and segregate different kinds of errors that arise in the journalizing and posting operations.
Verified Answer
EG
Ebonie Gadsden6 days ago
Final Answer :
C
Explanation :
Posting errors occur when the wrong amount is recorded in the ledger accounts during the process of transferring information from the journal to the ledger. This can include posting the wrong amount to an account.
Learning Objectives
- Recognize and segregate different kinds of errors that arise in the journalizing and posting operations.