Posting a Part of a Transaction to the Wrong Account

question 209

True/False

Posting a part of a transaction to the wrong account will cause the trial balance totals to be unequal.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by its similarity to a prototype or an example.

Little League Player

A child or adolescent who participates in Little League Baseball, a youth sports organization that promotes baseball and softball worldwide.

Heuristic

A mental shortcut or rule of thumb that allows people to solve problems and make judgments quickly and efficiently.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing a specific task.