If the Business Records a Number as 179 and It

question 25

Multiple Choice

If the business records a number as 179 and it should be 197,this error would be called:

• A)rearrangement.
• B)transposition.
• C)slide.
• D)None of the above

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Definitions:

Year-End Inventory

The total value of a company's merchandise, goods, and materials on hand at the end of a fiscal year, used to calculate cost of goods sold and profitability.

Balance On Hand

The amount of cash or resources available for use immediately, often referenced in accounting and inventory management.

Units In

A term referring to the quantity of stock or inventory items received or available in a supply chain or business.

Extension Column

In accounting, a column in ledger books or spreadsheets where amounts are extended; for example, quantity multiplied by unit price.