After Posting Is Completed, There May Be an Error If

question 174

Multiple Choice

After posting is completed, there may be an error if:

• A) The sum of the supplier account balances does not equal the general ledger Accounts Payable controlling account balance.
• B) The sum of the accounts receivable ledger does not equal the balance in the sales journal.
• C) The sum of the accounts receivable ledger does not equal the balance in the Sales account.
• D) The sum of the supplier account balances does not equal the total in the purchases journal.
• E) The balance in the sales journal does not equal the Accounts Receivable account balance.

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Definitions:

Internal Consistency

A measure of the reliability of a test or scale, assessing whether items that propose to measure the same general construct produce similar scores.

Licensure Exam

A formal assessment that certifies individuals as qualified to engage in a profession or vocational activity, ensuring they meet the required standards.

Mean

In statistics, the mean is a measure of central tendency, calculated by summing all values in a dataset and dividing by the number of values.

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or dispersion.