A Trial Balance May Balance Even When Each of the Following

question 69

Multiple Choice

A trial balance may balance even when each of the following occurs except when

• A) a transaction is not journalized.
• B) a journal entry is posted twice.
• C) incorrect accounts are used in journalizing.
• D) a transposition error is made.

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Definitions:

Yardsticks

Standards or measures used for comparison or evaluation.

Objectives

Specific, measurable goals that an organization or individual aims to achieve within a specific timeframe to drive performance.

Preventive Maintenance

A proactive approach aimed at performing maintenance on equipment and facilities to prevent unexpected breakdowns and downtime.

Concurrent Control

A management strategy that involves monitoring and adjusting ongoing activities to ensure that goals are met and standards are followed during the process.