A Trial Balance Will Not Balance If

question 26

Multiple Choice

A trial balance will not balance if

• A)a correcting journal entry is posted twice.
• B)a $50 cash dividend is debited to dividends for $500 and credited to cash for $50.
• C)a $300 payment on accounts payable is debited to accounts payable for $30 and credited to cash for $30.
• D)a transaction is not posted at all.

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Definitions:

Cost Assignment

The process of identifying, aggregating, and allocating costs to cost objects, such as products, services, or departments.

Cost Distribution

The process of allocating indirect costs across various products, services, or departments within a company.

Support Activity Costs

Costs associated with activities not directly involved in producing goods or services but necessary for the overall operation.

Activity-Based Costing

A method of accounting that identifies and assigns costs to overhead activities and then assigns those costs to products.