A Trial Balance Would Only Help in Detecting Which One

question 65

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 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:

Trading Cost

Expenses incurred when buying or selling securities, including commissions, spreads, and slippage.

Weekly Cash Flows

The inflow and outflow of cash within a business measured on a weekly basis, crucial for understanding liquidity and operational efficiency.

Miller-Orr Model

A financial model used to manage cash balances, determining when and how much to transfer between interest-bearing investments and cash.

Initial Cash Balance

The amount of cash available in a company or individual's account at the start of a period.