When Reconciling Its Accounts, Boris Company Found the Accounts Receivable

question 67

Multiple Choice

When reconciling its accounts, Boris Company found the accounts receivable general ledger account had a balance of $35,000, and the accounts receivable subsidiary ledger account balances totaled $33,000. The most likely reason for this difference was

• A) a sale to a customer was recorded twice in the subsidiary ledger.
• B) cash received from a customer was posted twice to the subsidiary ledger.
• C) a sale to a customer was not posted to the general ledger.
• D) cash received from a customer was recorded twice in the general ledger.

Understand social loafing and its implications on group dynamics and productivity.

Examine the influence of reference groups and groupthink on individual and collective behavior.

Understand the factors that influence interest rates and bond prices in the economy.

Comprehend the characteristics, advantages, and disadvantages of partnerships compared to other business forms.

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Definitions:

Abnormal Activity

Actions or behaviors that deviate significantly from what is considered normal or typical, often indicating underlying mental or physical issues.

Body Sensations

The physical feelings or perceptions resulting from the condition or state of the body.

Panic Disorder

A type of anxiety disorder characterized by sudden and repeated attacks of intense fear and discomfort.

Compulsion

A repetitive and rigid behavior or mental act that persons feel driven to perform in order to prevent or reduce anxiety.