MC37 If the total debits in the trial balance do not equal the total credits, what is the likely cause of the discrepancy?
A. An error in the ledger
B. An error in the financial statements
C. An error in the adjusting entries
D. An error in the closing entries
Answer:A
MC37 If the total debits in the trial balance do not equal the total credits, what is the likely cause of the discrepancy?
A. An error in the ledger B. An error in the financial statements C. An error in the adjusting entries D. An error in the closing entries