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.

Determine the elasticity of demand for necessities versus luxuries.

Calculate the impact of price changes on quantity demanded and total revenue using elasticity coefficients.

Understand how specific and challenging goals affect commitment and motivation.

Acquire knowledge on the application and effectiveness of expectancy theory in improving workplace motivation.

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Definitions:

Head of Personnel

A role responsible for overseeing the management of employee-related processes in an organization, including recruitment, training, and compliance with labor laws.

Management

The process of planning, organizing, directing, and controlling resources (including human, financial, and material) to achieve organizational goals efficiently and effectively.

Strong Words

Powerful and expressive language used to make an impact or convey intense emotions.

Action Verbs

Words that express an action or help to tell about something happening, often used to make writing more dynamic.