What are the common errors that a trial balance will not reveal?

What will be an ideal response?

Answer:
1. A transaction that is not journalized.
2. A correct journal entry that is not posted.
3. An entry that is posted twice.
4. The debiting or crediting of incorrect accounts.
5. Debiting and/or crediting incorrect dollar amounts.

Business

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Consideration is the legal ability to enter a contract

a. true b. false

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