Which of the Following Is an Example of an Error

question 198

Multiple Choice

Which of the following is an example of an error that would cause the trial balance to be out of balance?

• A) A journal entry was posted as a debit to Cash for $525 and a credit to Accounts Receivable for $552.
• B) A journal entry was posted as a debit to Cash and a credit to Sales Revenue when the company received a $400 payment from a customer on account.
• C) A purchase of supplies on account for $100 was posted as a debit to Supplies for $10 and a credit to Accounts Payable for $10.
• D) A $350 transaction was not recorded at all.

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Definitions:

Threatened and Endangered Species

Species that are at risk of extinction in the near future.

NGOs

Non-Governmental Organizations (NGOs) are independent groups operating globally or locally without government control, working in various fields like environmental protection, human rights, and development.

International and Global Organizations

Entities that operate across multiple countries with the aim of fostering international cooperation, improving economic and social conditions, and resolving global issues.

Distribution of Wealth

The manner in which wealth, defined by assets and income, is allocated among individuals or groups within a society.