A Trial Balance Would Only Help in Detecting Which One

question 102

Multiple Choice

A trial balance would only help in detecting which one of the following errors?

• A) A transaction that is not journalized
• B) A journal entry that is posted twice
• C) Offsetting errors are made in recording the transaction
• D) A transposition error when transferring the debit side of journal entry to the ledger

Calculate degree of freedom in pooled-variance t-test for equal and unequal sample sizes.

Understand the significance of pooled variance in estimating standard errors.

Acknowledge normality and sample size requirements for the approximation of normal distribution in sampling.

Distinguish between the requirements of equal and unequal variances in hypothesis testing.

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Definitions:

AAA Corporate Bonds

High-grade bonds issued by corporations with the highest rating of creditworthiness, indicating very low risk of default.

Basis Points

A unit of measurement used in finance to describe the percentage change in value or rate, equal to one-hundredth of a percent or 0.01%.

Market Interest Rates

The rates of interest charged on loans or paid on deposits, determined by the demand and supply of credit in financial markets.

Municipal Bonds

Debt securities issued by municipalities to fund public projects like schools, highways, and infrastructure developments, offering tax-free interest income to investors.