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Explain the significance of the divide by 9 rule

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Reference no: EM132378549

Question

Watch the linked YouTube video addressing trial balance errors: Fix Trial Balance Errors: 3 Tips to Correct an 'Unbalanced' Trial Balance

Answer the following:

What steps should you take to find an error when the trial balance does not balance. Suppose the amount by which the trial balance is out of balance is divisible evenly by 9 - what could that mean? Suppose the amount by which the trial balance is out of balance is divisible evenly by 2 - what could that mean? Explain the steps to take to figure out why the trial balance does not balance. Explain the significance of the divide by 9 rule. Explain the significance of the divide by 2 rule.

Reference no: EM132378549

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