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If an error is found in the trial balance, what is the first step to correct it?

Practice Questions

1 question
Q1
If an error is found in the trial balance, what is the first step to correct it?
  1. Recalculate the trial balance
  2. Identify the source of the error
  3. Prepare adjusting entries
  4. Consult with an accountant

Questions & Step-by-step Solutions

1 item
Q
Q: If an error is found in the trial balance, what is the first step to correct it?
Solution: The first step to correct an error in the trial balance is to identify the source of the error before making any adjustments.
Steps: 2

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