Which of the Following Errors Will Be Detectable by a Trial

question 12

Multiple Choice

Which of the following errors will be detectable by a trial balance?

• A) A revenue incorrectly posted to the ledger as a liability
• B) Failure to record a journal entry
• C) A purchase of inventory posted twice to the general ledger
• D) None of the above

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Definitions:

Shareholders Meeting

A gathering of the shareholders of a company where decisions regarding the company's affairs are discussed and voted on.

Model Nonprofit Corporation Act (MNCA)

A template legislation that provides a basis for the statute governing nonprofit corporations in some states.

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.

Votes Entitled

The number of votes a shareholder or member is authorized to cast in a company's or organization's decision-making process.