An Error Is Indicated If the Following Account Has a Balance

question 20

Multiple Choice

An error is indicated if the following account has a balance appearing on the post-closing trial balance:

• A)Office Equipment.
• B)Depreciation expense, Office Equipment.
• C)Ted Nash, Capital.
• D)Accumulated Depreciation, Office Equipment.
• E)Salaries Payable.

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Definitions:

Grapevine

An unofficial channel of communication within an organization, characterized by the informal and rapid spread of information and rumors.

Noise

In communication, it pertains to any external or internal interference that disrupts the clarity, accuracy, and efficiency of a message's transmission.

Reflection

The process of introspectively considering one's thoughts, feelings, and actions, and the outcomes they lead to, for the purpose of learning and self-improvement.

Reinforcing

Strengthening a behavior or response by providing a reward or positive outcome after the behavior occurs, often used in learning and behavior modification techniques.