Which of the Following Would Result in an Error When

question 3

Multiple Choice

Which of the following would result in an error when preparing the Trial Balance?

• A) Placing the Withdrawal account balance in the Debit column
• B) Placing a Revenue account balance in the Credit column
• C) Placing the balance in Prepaid Rent in the Credit column
• D) Placing the Accounts Payable balance in the Credit column

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Definitions:

Overhead Rates

A measure used to allocate manufacturing overhead costs to produced units, often based on direct labor hours or machine hours.

Overhead Cost Driver

A factor that influences or contributes to the overhead costs of a business.

Employee Time Ticket

A document that records the amount of time an employee spends on various tasks, used for payroll and accounting purposes.

Cost Driver

A factor that influences or contributes to the expense of certain business operations.