If Total Debits Are Not Equal to Total Credits in an Adjusted

question 38

Multiple Choice

If total debits are not equal to total credits in an adjusted trial balance,which of the following errors may have occurred?

• A) Posting an entry to Salaries and Wage Expense to Administrative Expenses
• B) Debiting Interest Payable instead of debiting Interest Expense
• C) Recording a transaction twice
• D) Posting a credit to Salaries and Wages Payable as a debit to that account

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Definitions:

Goal Conflict

A condition that occurs when individual objectives conflict with organizational objectives.

Budget Goals

Specific objectives set during the budgeting process that an organization aims to achieve, often related to cost control, revenue generation, or financial stability.

Zero-Based Budgeting

A concept of budgeting that requires managers to estimate sales, production, and other operating data as though operations are being started for the first time.

Budget Procedure

The process involving the creation, approval, and implementation of a financial plan for a business or an organization.