Which of the Following Is Not a Useful Step in Finding

question 86

Multiple Choice

Which of the following is not a useful step in finding errors on the trial balance?

• A) Determine the difference between debits and credits and look for the amount.
• B) Determine the difference between debits and credits and change any account to make the trial balance correct.
• C) Determine the difference between debits and credits, divide the amount by 2, and look for the amount.
• D) Determine the difference between debits and credits, divide the amount by 9, and if it divides evenly, look for a transposition or slide error.

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Definitions:

Express Warranty

is a seller’s promise or guarantee that a product will meet certain quality and reliability standards, explicitly stated in the contract or sales agreement.

Credit

The ability of a consumer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Sample

A portion, piece, or segment taken from something larger to represent the quality, style, or nature of the whole.

Merchantability

An implied warranty that goods sold by a merchant are reasonably fit for the general purpose for which they are sold.