Which of the Following Errors Would Cause the Adjusted Trial

question 41

Multiple Choice

Which of the following errors would cause the adjusted trial balance to not balance?

• A) failure to post one side of a journal entry
• B) omitting the adjusting entry for depreciation expense
• C) posting the debit for accrued interest to insurance expense
• D) reversing the debits and credits in an adjusting entry

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Definitions:

Rescission

The act of revoking, cancelling, or annulling a contract, returning all parties to their pre-contractual states.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the land or property can do with it.

Breach of Contract

Occurs when one party in a contractual agreement fails to fulfill their obligations as specified in the contract, entitling the other party to legal remedies.

Injunction

A court order requiring an individual or entity to do or cease doing a specific action.