Which of the Following Errors, Each Considered Individually, Would Cause

question 85

Multiple Choice

Which of the following errors, each considered individually, would cause the trial balance to be out of balance?

• A)A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash.
• B)Cash of $530 received from a customer on account was posted as a debit of $350 to Cash and as a credit of $350 to Accounts Payable.
• C)A payment of $59 for supplies was posted as a debit of $95 to Supplies and a credit of $95 to Cash.
• D)A transaction was not posted.

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly the mean, which quantifies the precision with which a sample represents a population.

Confidence Interval Estimate

Rephrased and new definition: A statistical technique that calculates the range within which an unknown population parameter lies, based on sample data, with a specified level of confidence.

Gadd Severity Index

A scoring system used to assess the severity of an individual's criminal history or offenses.

True Population Proportion

The actual fraction or percentage of a specific characteristic within an entire population.