Which of the Following Statements Regarding Posting and Classification Is

question 2

Multiple Choice

Which of the following statements regarding posting and classification is correct?

• A)Posting journal entries involves copying the dollar amounts from the ledger into the journal.
• B)If a $100 debit is erroneously posted to an account as a $100 credit,the accounts will be out of balance by $100.
• C)If a $5,000 credit to a stockholders' equity account is misclassified as a $5,000 credit to a liability,the accounting equation will still balance.
• D)If a purchase of supplies on account for $100 is recorded with a debit to Supplies of $10 and a credit to Accounts Payable for $10,the accounting equation will not balance.

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Definitions:

Functioning

The action of operating or working in a proper or particular way.

Resilience

The capacity to recover quickly from difficulties; toughness.

Defense Mechanisms

Psychological strategies used unconsciously by individuals to protect themselves from unpleasant thoughts or feelings.

Coping

Utilizing conscious effort to solve personal and interpersonal problems in order to manage and minimize stress and conflict.