Which of the Following Accounts Showing a Balance on the Post-Closing

question 48

Multiple Choice

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

• A)Office Equipment.
• B)Accumulated Depreciation-Office Equipment.
• C)Depreciation Expense-Office Equipment.
• D)Retained earnings.
• E)Salaries Payable.

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Definitions:

Household Laundry Products

A category of consumer goods including detergents, fabric softeners, and stain removers used in the washing of clothes.

Aluminum

A lightweight, silvery-white metallic element used in a wide range of applications including transportation, construction, and packaging due to its durability and resistance to corrosion.

Marginal Revenue

The additional income from selling one more unit of a good; sometimes equal to price.

Pure Monopoly

A market structure where a single seller controls the entire supply of a product or service, with no close substitutes available.