Several Types of Errors Can Be Made During the Journalizing

question 229

Multiple Choice

Several types of errors can be made during the journalizing and posting process. Match the following with their best description.
-Debit posted as credit, or vice versa

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

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Definitions:

Psychological Contract

The unwritten set of expectations between an employer and an employee regarding mutual obligations.

Unrealistically Low Expectations

Expectations that are set significantly below a realistic assessment of achievable outcomes, often leading to underperformance or missed opportunities.

Psychological Contract Breach

The perception that an employer has failed to fulfill one or more unwritten expectations of the employment relationship.

Unrealistically High

Describes expectations or objectives that are excessively beyond realistic reach or achievement.