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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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The definition of an opportunity is a positive state of affairs for an effective outcome. An instance of an opportunity is a lunch meeting with a probable organization.

This opportunity will let you observe positive paths which lead toward reaching your desires and goals. If we want what is first-rate for our careers then taking an opportunity is important. possibilities assists individuals to expand work-associated capabilities allowing them to achieve efficient paintings inside our community. each community-based totally and facility-based totally talent improvement, employment, and schooling options are available. Possibilities are first-rate motivators because they promote innovation, dedication, and power. Even in industries with which an entrepreneur is surprised, particular opportunities for fulfillment are what makes enterprise exciting. entrepreneurs and commercial enterprise-owners alike ought to look for extra possibilities.

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