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.

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Definitions:

Divorcing Parents

Parents who are in the process of legally dissolving their marriage, which can impact family dynamics and children's well-being.

Remote Grandparents

Grandparents who are geographically distant from their grandchildren, potentially impacting the nature and extent of their relationship.

Companionate Grandparents

Grandparents who take active roles in their grandchildren's lives, often through regular visits and involvement in day-to-day activities.

Collectivist View

A cultural perspective valuing group goals and the common good over individual interests.