Assume That a Company Using a Purchases Journal Made an Error

question 90

Multiple Choice

Assume that a company using a purchases journal made an error in totaling the journal's columns.The error should be discovered:

• A)When the purchases journal is posted to the general ledger.
• B)When the trial balance is prepared.
• C)When the total of the schedule of accounts payable is compared with the balance of the Accounts Payable account.
• D)When the creditors receive their payments.
• E)When the financial statements are prepared.

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Definitions:

Genes

Units of heredity made up of DNA, responsible for governing characteristics and traits passed from parents to offspring.

Father Care

The involvement and care provided by a father to his children, which can include emotional support, physical care, and financial provision.

Unconscious Patronization

The act of treating someone with an apparent kindness that betrays a feeling of superiority, without being aware of doing so.

Prejudice

Preconceived opinion or bias, often stemming from stereotypes, towards an individual or group without sufficient knowledge, reason, or direct experience.