Due to an Oversight, the Company Bookkeeper Made No Adjusting

question 15

Multiple Choice

Due to an oversight, the company bookkeeper made no adjusting entry for accrued and unpaid employee wages of $24,000 on December 31. This oversight would:

• A)Have no effect on profit
• B)Understate profit by $24,000.
• C)Have no effect on the balance sheet.
• D)Overstate profit by $24,000.
• E)Overstate liabilities.

---

Definitions:

Careers Section

A designated area, often on a company's website, where job openings are posted, and information about career opportunities is provided.

Internet Recruiting

The practice of using online platforms and tools, such as job boards and social media, to advertise vacancies and attract potential candidates for employment.

Job Board Sites

Online platforms where employers post available job positions and job seekers submit applications.

Write-Ins

A process or method allowing employees to submit ideas, feedback, or proposals to management.