Which of the Following Errors Will Not Cause the Debit

question 122

Multiple Choice

Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?

• A)A debit entry was recorded in the wrong account.
• B)A debit was entered in an account as a credit.
• C)The account balance was carried to the wrong column of the trial balance.
• D)The balance of an account was incorrectly computed.

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Definitions:

Limited Partnership

A business partnership where at least one partner has limited liability to the extent of their investment while at least one other has unlimited liability.

General Partners

Individuals in a partnership who are responsible for the management of the partnership and are liable for its debts.

Foreign Limited Partnerships

Partnerships formed in one jurisdiction but doing business in another where the liability of some partners is limited.

Low-profit Limited Liability Company

A classification of LLC that combines the legal and tax flexibility of a traditional LLC, the social benefits of a nonprofit organization, and a commitment to limited profit distribution.