If, on a Trial Balance, the Total of the Debits

question 14

Multiple Choice

If, on a trial balance, the total of the debits is $7,500 and the total of the credits is$7,419, the difference could have been caused by:

• A)A transposition error.
• B)A sliding error.
• C)Posting only one side of an entry.
• D)An error in copying an account balance from the ledger to the trial balance.
• E)All of these answers are correct.

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Definitions:

Reflectiveness

The ability or process of self-examination, exploring one's thoughts, feelings, and reasons behind one's actions.

Control Group

In scientific research, a group of subjects or entities kept under standard conditions to serve as a comparison against a group where experimental variables are altered.

Leakage

In economic terms, refers to the loss of funds through non-productive means, such as untaxed income or unrecorded sales.

False Positive

An error in data testing or diagnostic screening in which a test result improperly indicates the presence of a condition.