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:

Sharpe Ratio

A measure used to evaluate the risk-adjusted return of an investment by dividing the difference between the investment's return and the risk-free rate by the standard deviation of the investment's returns.

Benchmark

A standard or reference by which the performance of a security, manager, or investment portfolio can be measured.