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:

Economic Underdevelopment

A condition in which a country or region is not achieving its economic potential, marked by low GDP per capita, poverty, and low levels of industrialization.

Multinational Corporations

Large companies that own or control production of goods or services in one or more countries other than their home country.

Siphoning Off

The act of diverting or redirecting resources, funds, or energy from one area to another, often in a manner that is secretive or not sanctioned.