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If the trial balance does not balance, what is the first step to identify the er
If the trial balance does not balance, what is the first step to identify the error?
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Practice Questions
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Q1
If the trial balance does not balance, what is the first step to identify the error?
Recalculate the totals
Check the ledger accounts
Review the journal entries
Consult with an accountant
Show Solution
Copy
The first step to identify the error when the trial balance does not balance is to recalculate the totals to ensure accuracy.
Questions & Step-by-step Solutions
1 item
Q
Q: If the trial balance does not balance, what is the first step to identify the error?
Solution:
The first step to identify the error when the trial balance does not balance is to recalculate the totals to ensure accuracy.
Steps: 5
Show Steps
Step 1: Look at the trial balance and find the total for the debit column.
Step 2: Look at the trial balance and find the total for the credit column.
Step 3: Add up all the numbers in the debit column carefully.
Step 4: Add up all the numbers in the credit column carefully.
Step 5: Compare the two totals to see if they are the same.
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