Smart Touch Company recorded a cash collection on account by debiting Cash and crediting Accounts Payable.What will the trial balance show for this error?A.too much for cash B.too much for liabilities C.too much for expenses D.the trial balance won't
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Smart Touch Company recorded a cash collection on account by debiting Cash and crediting Accounts Payable.What will the trial balance show for this error?A.too much for cash B.too much for liabilities C.too much for expenses D.the trial balance won't
Smart Touch Company recorded a cash collection on account by debiting Cash and crediting Accounts Payable.What will the trial balance show for this error?
A.too much for cash B.too much for liabilities C.too much for expenses D.the trial balance won't balance
可我觉得这个trial balance 一点问题也没有啊..cash collection不是cash增加吗,那就写在debit这边 而on account那就是accounts payable增加,那就写在credit那边 到底哪里错了?
Smart Touch Company recorded a cash collection on account by debiting Cash and crediting Accounts Payable.What will the trial balance show for this error?A.too much for cash B.too much for liabilities C.too much for expenses D.the trial balance won't
cash collection 是指银行的cash已经增加,而企业还没有记录增加而导致的bank reconciliation 的不平 因此只需要debit 增加cash 整个trial balance 就ok ,而题目中该企业既record debit cash,又 record credit accouts payable,很显然是liabilities 增加了. 这是我的见解,希望能帮助到你.不理解的再追问.