Hi sir! Sa question po na: "The total debits as of June 25 is?" Ang gagawin po ba ay i-aadd ang cash balance (debit) sa bawat account na as of June 25 (sa general ledger)? Akala ko po kasi i aadd lang lahat ng debits as of June 25 hehe.
Hi! The question meant total debits for all as of June 25. Thanks for bringing this to my attention. I revisited the answer key and I revised accordingly. Apologies.
Hello po, pwede po bang makahingi ng explanations (about sa quiz) kung bakit po 'yong some errors are not detected sa pagprepare ng Trial Balance? Salamat po!
It's because a trial balance only ensures that debits and credits are equal. There are cases wherein debits and credits are equal but there are errors. Example: Entries are posted twice. Wrong accounts are used. Entries are made in the wrong accounting period.
