Several Types of Errors Can Be Made During the Journalizing

question 180

Multiple Choice

Several types of errors can be made during the journalizing and posting process. Match the following with their best description.
-Amount incorrectly entered on trial balance

• A)Trial balance preparation errors
• B)Account balance errors
• C)Posting errors
• Challenging

---

Definitions:

European Countries

Nations located on the continent of Europe, each with its own distinct culture, government, and economy.

Global Compensation System

A centralized pay system whereby host-country employees are offered a full range of training programs, benefits, and pay comparable to those of a firm’s domestic employees but adjusted for local differences.

Expatriates

Employees who reside and work in a country other than their native country, often for an international company.

Multinational Firm

A company that operates in multiple countries, managing production or services in more than one country outside of its home country.