A Trial Balance Would Only Help in Detecting Which One

question 102

Multiple Choice

A trial balance would only help in detecting which one of the following errors?

• A) A transaction that is not journalized
• B) A journal entry that is posted twice
• C) Offsetting errors are made in recording the transaction
• D) A transposition error when transferring the debit side of journal entry to the ledger

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Definitions:

Face Value

Face value is the nominal value or dollar value printed on a security or a bond, representing the amount to be repaid at maturity.

Semi-Annual Coupon

A type of bond payment made twice a year to bondholders, representing interest payments on the bond's face value.

Yield To Maturity

The total expected return on a bond if held until its maturity date, taking into account both the interest payments and any gain or loss if the bond was purchased at a discount or premium.

Newspaper

A printed publication consisting of news articles, editorials, and advertisements, typically published daily or weekly.