When the Trial Balance Includes a Debit Column Total of $14,350

question 125

Multiple Choice

When the trial balance includes a debit column total of $14,350 and a credit column total of $15,350, it is probable that

• A) a transposition error occurred.
• B) a $500 debit was recorded twice.
• C) a $500 credit was recorded twice.
• D) a $500 debit was recorded as a credit.

---

Definitions:

Stockouts

Instances when items are not available for sale due to insufficient stock.

Aggregate Planning

A production planning method that determines the necessary resources to meet projected demand over a future period, typically medium-term.

Subcontracting

The process of assigning or outsourcing part of the obligations and tasks of a contract to another party, usually to specialize in that aspect of the work.

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.