Posted: July 21st, 2021

At the end of the current month, tomas lott prepared a trial balance

At the end of the current month, Tomas Lott prepared a trial balance for AAA Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Tomas has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month’s financial statements by a 5:00 PM deadline. Tomas will look for the difference next week when he has more time.

Do you feel that Tomas is acting in a professional manner? Who is impacted by Tomas’s decision to “plug” the numbers in order to get his statements to balance? If you were in Tomas’s position, how would you have handled this situation?

75 word count

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00