If Total Debits Are Not Equal to Total Credits in an Adjusted

question 57

Multiple Choice

If total debits are not equal to total credits in an adjusted trial balance,which of the following errors may have occurred?

• A)Posting Wage Expense to Administrative Expenses.
• B)Debiting Interest Payable instead of debiting Interest Expense.
• C)Recording a transaction twice.
• D)Posting a credit to Wages Payable as a debit.

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Definitions:

Exception Fallacy

Drawing conclusions about an entire group based on observations of individuals.

Western Colonialism

The process by which Western powers established their dominance and control over other regions and peoples, often characterized by settlement, exploitation, and economic extraction.

Hegemony

Dominance of one social group over others, often achieved through cultural, ideological, or economic means, without the need for overt force.

Neo-Liberalism

An economic and political ideology and policy model that emphasizes the value of free-market competition, minimizing state intervention in the economy.