Question 3
Peachtree Accounting Lessons continued

If Cash in bank is off balance by $200 will that affected the Trial Balance columns balancing?

Question 2
If account number 101 was credited for $100 instead of debited how will this affect the balance and how much will be off by?

Peachtree Accounting Lessons

From recording transactions a real Accounting Software program you will realize cause and effects relationships in Accounting.

Please respond to this question in complete sentences.


Question: 1
If a clerks General Journal report shows a transaction recorded as:

301
101

instead of

101
301

What did the clerk accidently do?