Which of the Following Situations Would Not Have an Impact

question 39

Multiple Choice

Which of the following situations would not have an impact upon error in agency records?

• A) computers have the capacity to magnify clerical error
• B) a single crime could be recorded by two agencies, thus making that event over-represented
• C) having very little data to input
• D) even rare events can be recorded improperly

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Definitions:

Trial Balance

A financial spreadsheet where all ledger balances are gathered into columns for debits and credits, ensuring both totals match.

Debit Column

The left-hand side of a ledger account, recording increases in assets and expenses, and decreases in liabilities, equity, and revenue.

Expense Recognition Principle

An accounting principle that dictates expenses should be recognized in the period in which they are incurred to earn revenues.

Efforts

The use of physical or mental energy to achieve tasks and goals.