When the Trial Balance Includes a Debit Column Total of $10,350

question 109

Multiple Choice

When the trial balance includes a debit column total of $10,350 and a credit column total of $11,350,it is probable that:

• A)a transposition error occurred.
• B)a $500 debit was recorded twice.
• C)a $500 credit was recorded twice.
• D)a $500 debit was recorded as a credit.

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Definitions:

Organization

A structured group of people working together to achieve common goals or objectives through a division of labor and a hierarchy of authority.

Different Values

Varied beliefs or principles that individuals or groups consider important, influencing their actions and decisions.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Employee Ambassadors

Employees who represent and promote their company's brand, values, and mission both inside and outside the organization.