If the Debit and Credit Totals of a Trial Balance

question 78

Multiple Choice

If the debit and credit totals of a trial balance are not equal, it could be due to the following type of error.

• A) Failure to record a transaction.
• B) Recording the same erroneous amount for both the debit and the credit sides of a transaction.
• C) Incorrectly adding the debit side of the trial balance.
• D) Recording the same transaction more than once.

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Definitions:

Exporting

Conducting transactions involving the sale of items or services from one country to customers located in another nation.

Direct Investment

Acquiring a majority ownership stake in a foreign company by an entity from another nation, representing an investment.

Joint Venture

A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities, sharing the investment, risks, profits, and losses.

Marketing Control

A method used to evaluate the effectiveness of marketing strategies and ensure that marketing objectives are being met.