The Entry to Adjust Salaries Was Done Twice

question 16

Multiple Choice

The entry to adjust salaries was done twice. This error would cause

• A) liabilities to be understated.
• B) liabilities to be overstated.
• C) expenses to be understated.
• D) Capital to be overstated.

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Definitions:

Cups Per Day

A measurement unit often used in dietary or consumption studies, indicating the number of cups of a substance (such as coffee or tea) consumed daily.

$1

A unit of currency in the United States, equivalent to 100 cents, represented both as a coin and a paper bill.

Prices of Inputs

The costs associated with purchasing the raw materials, labor, and other resources needed to produce goods or services.

Produce

To create or manufacture goods from raw materials, often associated with agricultural products and food production.