Examlex
Which of the following errors would cause the trial balance to be out of balance?
Independent CPA
A Certified Public Accountant who performs an audit without having any conflicts of interest, ensuring impartiality and objectivity.
Acid-test Ratio
A stringent indicator of a company's short-term liquidity, calculated by dividing cash, marketable securities, and net receivables by current liabilities.
Receivables Turnover
A financial metric indicating how quickly a company collects on outstanding accounts receivable in a given period, calculated as net credit sales divided by average accounts receivable.
Debt Ratio
A financial ratio that compares the amount of a company's debt to its total assets, indicating the proportion of a company's assets that are financed through debt.
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