The Unadjusted Trial Balance Lists Supplies with a $1,078 Balance

question 122

Multiple Choice

The unadjusted trial balance lists Supplies with a $1,078 balance. After taking an inventory of supplies, it was found that $590 were on hand. The adjustment to Supplies Expense is a:

• A)$590 debit.
• B)$590 credit.
• C)$488 debit.
• D)$488 credit.

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Definitions:

Halo Error

A cognitive bias in performance appraisals where an evaluator's overall impression of a person influences their judgement about specific traits or attributes.

Time Management

The process of planning and controlling how much time to spend on specific activities, aiming to increase efficiency, productivity, and effectiveness.

Multisource Input

A method of gathering feedback or input from multiple sources, often used in performance appraisal to get a comprehensive view of an employee's performance.

Encouragement

The act of giving support, confidence, or hope to someone, often used in a work context to inspire or motivate employees.