A Credit Balance in Which of the Following Accounts Would

question 6

Multiple Choice

A credit balance in which of the following accounts would indicate a likely error?

• A) Sales revenue
• B) Inventory
• C) Share capital
• D) Accounts payable

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Definitions:

Statement of Opinion

A declaration that reflects someone's personal belief, perspective, or judgment, rather than an objective fact.

Medical Device

A medical device is any instrument, apparatus, implement, machine, appliance, implant, reagent for in vitro use, software, material, or other similar or related article, intended by the manufacturer to be used, alone or in combination, for a medical purpose.

Express Warranties

Explicit assurances provided by a seller regarding the quality, condition, or performance of a product or service.

Marketing Brochures

Printed promotional documents used to describe and advertise products or services offered by a business.