Which One of the Following Errors Would Cause a Company's

question 123

Multiple Choice

Which one of the following errors would cause a company's unadjusted trial balance to be out of balance?

• A)Overstating an asset balance by $100 and a revenue balance by the same amount.
• B)Failure to post the debit portion of a journal entry to the proper account (recorded, for example, as a credit to revenue rather than as a debit to an expense account).
• C)Recording a $5,000 revenue transaction by crediting the accounts receivable account and debiting the revenue account.
• D)Recording $1,000 cash collected from a customer as a debit to the cash account and a debit to the accounts receivable account.

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Definitions:

Slash And Burn

An agricultural method that involves the cutting and burning of plants in a forest or woodland to create a field called a swidden.

Sustainable Agriculture

Farming practices that meet current food needs without compromising the ability of future generations to meet theirs, emphasizing environmental health, economic profitability, and social equity.

Organic

Pertaining to or derived from living organisms; in chemistry, compounds that contain carbon.

Integration Of Trees

The practice of incorporating trees into diverse systems like agricultural fields, urban areas, or restoration projects to enhance ecological balance and biodiversity.