When the Trial Balance Includes a Debit Column Total of $10,390

question 111

Multiple Choice

When the trial balance includes a debit column total of $10,390 and a credit column total of $10,910, it is probable that:

• A) a transposition error occurred.
• B) a $260 debit was recorded twice.
• C) a $260 credit was recorded twice.
• D) a $260 debit was recorded as a credit.

Learn the use of various Excel functions for text manipulation.

Recognize the use of 3-D references in formulas.

Identify the correct use of Excel functions for data transformation.

Understand how to use Excel functions for uppercasing, concatenation, and text joining.

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Definitions:

GDP Deflator

A scale for assessing the cost of all newly manufactured, domestic final goods and services in a country's economy.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, reflecting the true value of goods and services produced.

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

National Income

The total value of all goods and services produced by a country's economy over a specific period, including income received from abroad.