Correctly Posting a Transaction Twice Will Cause the Trial Balance

question 124

True/False

Correctly posting a transaction twice will cause the trial balance totals to be unequal.

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Definitions:

Rights Offering

A corporate action in which a company offers existing shareholders the opportunity to buy additional shares directly from the company at a discounted price before the public.

Market Price

The current quoted price for the exchange of an asset or service.

Subscription Price

The cost at which an investor can buy shares or units of a mutual fund or any other investment.