The accounting team could track down the error in the general ledger. The general ledger contains all the accounts and their balances, including any accounts associated with property taxes. By reviewing the general ledger, they can determine if the property tax expense was recorded and if any entries related to the property tax liability exist.
Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn’t been paid yet, where could the accounting track down this error?
(1 point)
Responses
financial statement
financial statement
trial balance
trial balance
general ledger
general ledger
journal entry
1 answer
1 answer