Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 26 - No. 13)
Which of the following is NOT a reason why a trial balance may not balance?
The omission of a transaction.
A debit being posted as a credit or vice versa.
An incorrect amount being recorded.
Wrong account classification.
Explanation
An error of omission involves completely leaving out a transaction, which would leave debits and credits equal, resulting in a balanced trial balance. The other scenarios would cause an imbalance.
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