While in the Process of Posting from the Journal to the Ledger

question 101

Multiple Choice

While in the process of posting from the journal to the ledger, the accountant of X Company failed to post a $50 debit to the Office Supplies account. The effect of this error will be as follows:

• A) The Office Supplies account balance will be overstated.
• B) The trial balance will not balance.
• C) The error will overstate the debits listed in the journal.
• D) The total debits in the trial balance will be larger than the total credits.
• E) This error will not make any difference.

Understand the concept of hypothesis testing, including the formulation of null and alternative hypotheses.

Grasp the significance and interpretation of P-values in hypothesis testing.

Recognize appropriate hypothesis testing procedures for different contexts and data types.

Apply knowledge of hypothesis testing to assess claims about population parameters.

---

Definitions:

Depression

A common mental disorder characterized by persistent sadness, loss of interest in activities, and a range of physical and cognitive symptoms.

Obsessive-compulsive Personality Disorder

A mental disorder characterized by a preoccupation with orderliness, perfectionism, and control at the expense of flexibility, openness, and efficiency.

Obsessive-compulsive Disorder

A chronic disorder characterized by uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) that the individual feels the urge to repeat.

Ego-syntonic

Refers to thoughts, impulses, and behaviors that are consistent with an individual's self-perception, often contrasted with ego-dystonic, which feels foreign to one's self-image.