If an Entry Is Recorded Twice, the Error Will Show

question 81

True/False

If an entry is recorded twice, the error will show up in the trial balance.

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Definitions:

Depreciation Policy

A specific method or approach a company uses to allocate the cost of a tangible asset over its useful life.

Underground Storage

Facilities used for the storage of goods, valuables, or commodities below the earth's surface.

Market Value

The existing value at which a service or asset may be sold or bought within a market environment.

Worksheet

A tool used in accounting to compile all the financial statements and support in preparing closing entries.