Question

Why might there be errors in a work sheet's Trial Balance columns?

a) Due to arithmetic mistakes
b) General ledger account balance recorded incorrectly
c) Transposed numbers in calculations
d) Lack of attention to detail

Answer 1

Errors in a worksheet's Trial Balance columns can occur due to arithmetic mistakes, incorrect recording of account balances, transposed numbers, and lack of attention to detail.

Step-by-step explanation:

Errors in a worksheet's Trial Balance columns can occur due to various reasons:

1. Arithmetic mistakes: These errors can result from miscalculations or wrong additions/subtractions of account balances.
2. General ledger account balance recorded incorrectly: If the account balances are entered incorrectly in the worksheet, it can lead to errors in the Trial Balance columns.
3. Transposed numbers in calculations: When numbers are accidentally swapped or reversed while performing calculations, it can cause discrepancies in the Trial Balance columns.
4. Lack of attention to detail: Carelessness and not thoroughly reviewing the worksheet can also lead to errors in the Trial Balance columns.