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.

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Definitions:

Swedish Surname

A family name originating from Sweden, often indicating ancestral or geographical origins.

Discriminatory Behavior

Actions or attitudes that unfairly differentiate or exclude individuals based on personal characteristics, such as race, gender, or age.

Ingroup

A social group to which a person psychologically identifies as being a member, often used to describe groups formed based on shared interests or identities.

Outgroup

An outgroup is a social group to which an individual does not belong or identify, often leading to prejudice or discrimination against its members by those within the ingroup.