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

Analyze Piaget's contributions and the contemporary perspective on his theory's relevance and modification needs.

Understand the phenomenon of scale errors and the dual representation hypothesis in the context of infant cognition.

Understand the concepts of implicit and explicit memory and how they develop.

Recognize the use of different types of memory (working, long-term) in everyday contexts.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor.

Law of Diminishing Returns

The principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Cost Curve

A graphical representation showing the cost of producing different quantities of output, typically illustrating concepts such as marginal and average costs.

Per Unit Costs

The average cost incurred for producing or acquiring one unit of a product or service.