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Amiraneli [1.4K]
3 years ago
8

If you found that the total of the debits column of the trial balance for a company is $200,000, while the total of the credits

column is $180,000, what are some possible causes of this difference
Business
1 answer:
jarptica [38.1K]3 years ago
3 0

Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:

  • Data entry errors
  • Errors of omission
  • Errors of commission
  • Errors of transposition of one side of the entry
  • Compensating errors
  • Errors of duplication
  • Errors of principle
  • Errors of entry reversal

These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.

Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.

Learn more about the accounting errors that cause the trial balance not to balance at brainly.com/question/25671653

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6 0
1 year ago
Suppose the economy is producing at the natural rate of output. An increase in consumer and business confidence will cause _____
Leokris [45]

Answer:

d) no change; a decrease

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3)Labor Force participation which means that which amount participation there is in labor activities.

As seen above, the consumer and business confidence will not have any positive or negative effect on the real GDP.

Inflation is one of the most important macroeconomic indicator that intends the rate how the purchase power of the money is falling  by the rising on the price levels of goods and services. In long run, the most influencing element for inflation is the rate of money supply but if we consider business and consumer confidence are the positive things for the developing of GDP, then they will have a little bit decrease effect on inflation.

8 0
3 years ago
MC Qu. 6 Physical goods can be differentiated ... Physical goods can be differentiated from services in the operations managemen
swat32

Answer:

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Physical goods or products usually have longer lead times than services (although not necessarily) but the main difference between them is that they can be inventoried.

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4 years ago
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Answer:

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