A Bookkeeper Mistakenly Posted a Transaction to the Cash Account

question 4

True/False

A bookkeeper mistakenly posted a transaction to the Cash account and the Medical Services account. It was supposed to be posted to the Cash account and the Product Sales account. This error will be detected with a trial balance.

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Definitions:

Educated

Having acquired knowledge, skills, and learning through formal instruction or study.

Industrialized

The process of developing industries in a country or region on a wide scale.

Rich Democracies

Countries characterized by high levels of economic development, wealth, and democratic governance.

Organ Reserve

The capacity of organs to allow the body to cope with stress, via extra, unused functioning ability.