A trial balance may balance even when each of the following occurs except when()
A. a transaction is not journalized
B. a journal entry is posted twice
C. incorrect accounts are used in journalizing
D. a transposition error is made on part of the entry
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The normal balance of any account is the()
A. left side
B. right side
C. side which increases that account
D. side which decreases that account
A credit is not the normal balance for which account listed below()
A. Supplies Expense
B. Service Revenue
C. Notes Payable
D. Owner,Capital
A chart of accounts usually starts with()
A. asset accounts
B. expense accounts
C. liability accounts
D. revenue accounts
The right side of an account()
A. is the correct side
B. reflects all transactions for the accounting period
C. shows all the balances of the accounts in the system
D. is the credit side