The Bookkeeper Recorded Wages for the Month as a Debit

question 48

Multiple Choice

The bookkeeper recorded wages for the month as a debit to the Sales account rather than as a debit to wages expense. This error will result in:

• A) no effect on profit of the period.
• B) understated liabilities at the end of the period.
• C) understated assets at the end of the period.
• D) overstated profit for the period.

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Definitions:

Norms

Informal understandings that govern the behaviors of members of a society, guiding what actions are considered acceptable or not.

Cognitive Dissonance

The mental unease felt when possessing two or more contradictory beliefs, values, or attitudes.

Planned Behavior

A theory that predicts an individual's intention to engage in a behavior at a specific time and place.

Scientific Process

A systematic methodology involving observation, experimentation, and analysis to acquire knowledge and understand phenomena.