Question

If a credit balance in Unearned Revenue (a liability account) is incorrectly listed as a credit balance to the Sales Revenue account (a revenue account), is the trial balance still in balance?

Answer 1

Answer:

yes

Explanation:

As we know that the unearned revenue is a liability account that contains the normal credit balance also the sales revenue i.e. a revenue account contains the normal credit balance.

So if the unearned revenue is incorrectly listed as a sales revenue so still the trial balance is in the balance as both accounts have a credit balance

Therefore, the given statement is true