A Purchases Journal Entry Will Not Balance If We -

question 6

Multiple Choice

A purchases journal entry will not balance if we -

• A)omit one of two items that were purchased
• B)omit the HST paid
• C)omit the freight charge
• D)this entry will balance whether or not we omit any of the above items

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Definitions:

Federal Sentencing Guidelines

Regulations that set forth a uniform sentencing policy for individuals and organizations convicted of felonies and serious misdemeanors in the United States.

Open Compliance Ethics Group

A collaborative community focused on developing open standards to support ethical business practices and compliance programs.

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 to protect investors from fraudulent financial reporting by corporations, mandating strict reforms to improve financial disclosures and prevent accounting fraud.

Financially Burdensome

Describing a situation or requirement that imposes a significant financial strain or expense on an individual or organization.