Which of the Following Would Cause a Trial Balance to Be

question 34

Multiple Choice

Which of the following would cause a trial balance to be out of balance?

• A) A transaction was recorded twice
• B) Only the debit of a transaction was recorded
• C) A transaction was not recorded
• D) A transaction was posted to the wrong account

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Definitions:

Financial Crisis

A situation in which the value of financial institutions or assets drops significantly and is often accompanied by panic selling and uncertainty in the financial markets.

Europe 1924

A period marked by recovery from World War I and the beginning of significant political and social changes in Europe, including the stabilization of economies and the rise of various political movements.

Florida Land Boom

A period in the 1920s marked by rapid land development and speculative real estate investments in Florida, leading to a bubble that eventually burst.

Mid-1920s

A period in the 20th century, specifically the years around 1925, marking significant social, economic, and political changes worldwide.