After Posting Is Completed, There May Be an Error If

question 131

Multiple Choice

After posting is completed, there may be an error if

• A)The sum of the accounts receivable ledger does not equal the balance in the sales account.
• B)The balance in the sales journal does not equal the accounts receivable controlling account balance.
• C)The sum of the customer account balances does not equal the accounts receivable controlling account balance.
• D)The sum of the customer account balances does not equal the total in the sales journal.
• E)The sum of the accounts receivable ledger does not equal the balance in the sales journal.

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Definitions:

Coefficient

A numerical or constant factor in an algebraic expression that represents the magnitude of some variable's effect.

Variation

The measure of the spread or dispersion of a set of data points or values in a dataset.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Stock Investment

The purchase of shares in a company with the expectation of earning dividends or selling the shares at a higher price in the future.