An Entry to Record the Payment to a Vendor Was

question 56

Multiple Choice

An entry to record the payment to a vendor was correctly recorded and posted to the general ledger but was not posted to the subsidiary ledger. This error will cause:

• A) net income to be overstated.
• B) the vendor account total in the subsidiary to be less than control total.
• C) the accounts payable control account to not agree with the subsidiary ledger.
• D) the accounts receivable control account to not agree with the subsidiary ledger.

---

Definitions:

Product Differentiation

The technique of identifying a product or service as unique in the market to boost its desirability to a chosen target demographic.

Mass Production Techniques

Methods of producing large quantities of products quickly and efficiently using assembly lines and standardized parts.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market or segment.

Wendy's

A multinational fast-food chain known for its hamburgers, primarily operating in the United States.