If the Two Totals of a Trial Balance Are Not

question 211

Multiple Choice

If the two totals of a trial balance are not equal, it could be due to

• A) failure to record a transaction
• B) recording the same erroneous amount for both the debit and the credit parts of a transaction
• C) an error in determining the account balances, such as a balance being incorrectly computed
• D) recording the same transaction more than once

Appreciate the significance of changes in financial statement figures over time.

Calculate dividends and understand their impact on shareholders' equity and net income.

Understand the calculation and significance of earnings per share.

Interpret the effects of depreciation on operating expenses and net income.

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Definitions:

360-degree Evaluation

A feedback process where an employee is evaluated by supervisors, peers, subordinates, and sometimes clients, to get a comprehensive view of their performance.

Complexity

The state or quality of being intricate or complicated, often requiring careful analysis or detailing to understand fully.

Multi-rater Approach

A feedback process where an employee is assessed by multiple stakeholders, including peers, superiors, and sometimes customers, to gain a comprehensive view of performance.

Feedback Training

A training approach that emphasizes the provision of real-time reactions or responses to an action or performance for the purpose of improvement.