Which of the Following Errors,each Considered Individually,would Cause the Trial

question 15

Multiple Choice

Which of the following errors,each considered individually,would cause the trial balance totals to be unequal?

• A) A transaction was not posted.
• B) A payment of $64 for supplies was posted as a debit of $46 to Supplies and a credit of $46 to cash.
• C) A payment of $131 to a creditor was posted as a debit of $131 to accounts payable and a debit of $131 to accounts receivable.
• D) Cash received from customers on account was posted as a debit of $240 to cash and a credit of $240 to accounts payable.

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Definitions:

Earnings Rate

The return on an investment for a specific period, typically expressed as a percentage of the investment's initial cost.

Internal Rate Of Return

A financial metric used to evaluate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a project equal to zero.

Useful Life

The period over which an asset is expected to be usable by a company for the purpose of its operations.

Automatic Insertion Machine

Equipment used in manufacturing to automatically place components onto printed circuit boards or other assemblies with precision and speed.