Of the Following Errors, Which One by Itself Will Cause

question 2

Multiple Choice

Of the following errors, which one by itself will cause the trial balance to be out of balance?

• A)A $75 receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash.
• B)A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash.
• C)A $200 salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense.
• D)A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable.
• E)All of these errors will cause the trial balance to be out of balance.

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Definitions:

Profit-Seeking Decision Maker

An individual or entity focused on making decisions that are expected to result in the highest possible profit.

Entrepreneur

An individual who organizes and operates a business venture, taking on greater than normal financial risks in order to do so.

Business Projects

Specified endeavors undertaken by businesses to achieve specific objectives, often within a set timeline and budget.

Private Owners

Individuals or entities who own private property or businesses and have control over their use and distribution.