Which of the Following Balances Is Always Due to an Error

question 164

Multiple Choice

Which of the following balances is always due to an error?

• A) Office Equipment - credit balance of $500
• B) Retained Earnings - debit balance of $1,000
• C) Dividends - debit balance of $2,500
• D) Accounts Payable - debit balance of $600

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Definitions:

Manifestation

The act of displaying or showing a quality or feeling through one's actions or appearances.

Unwillingness

The state of being reluctant or disinclined to do something.

Ownership

The legal right or title to an asset or property, including the rights to use, enjoy, and dispose of it.

Perfect Tender Rule

A legal principle in sales law that allows buyers to reject goods if they fail to conform precisely to the terms of the contract.