Which of the Following Errors Will Prevent the Trial Balance

question 210

Multiple Choice

Which of the following errors will prevent the trial balance from balance?

• A) A transaction is not journalized.
• B) Transposition error related to the statement of financial position.
• C) A journal entry is posted twice.
• D) A journal entry to purchase $100 worth of equipment is posted as a $1,000 purchase.

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Definitions:

Activity Variance

The difference between the budgeted amount for an activity and the actual amount spent.

Budgeting

The process of creating a plan to spend your money, outlining how much revenue a company anticipates receiving and how much it expects to spend over a specific period.

Actual Results

The real, achieved outcomes of activities, such as financial performance, compared against planned or projected outcomes.

Customers Served

The number of individual clients or customers that a business or service has provided for over a certain period of time.