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:

Macaroni and Cheese

Macaroni and cheese is a popular dish made primarily of cooked macaroni pasta and a cheese sauce, often served as a comfort food.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price, indicating how changes in price affect sales volume.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Price Elasticity

A measure of responsiveness of the quantity demanded or supplied of a good to a change in its price, indicating how changes in price affect demand or supply levels.