Which of the Following Accounts Showing a Balance on the Post-Closing

question 104

Multiple Choice

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

• A)Office Equipment.
• B)Accumulated Depreciation-Office Equipment.
• C)Depreciation Expense-Office Equipment.
• D)N.Young,Capital.
• E)Salaries Payable.

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Definitions:

Job Sharing Program

A work arrangement where two or more individuals share the responsibilities and duties of a single full-time job, dividing the hours and benefits among themselves.

Flextime

A flexible hours work arrangement allowing employees to alter workday start and end times while maintaining a set number of working hours.

Overtime Rate

The rate of compensation paid to employees for hours worked in excess of their regular working hours, typically higher than the standard pay rate.

Hourly Rate

A measure of compensation or payment calculated based on the number of hours worked.