Examlex

Solved

While in the Process of Posting from the Journal to the Ledger,a

question 149

Multiple Choice

While in the process of posting from the journal to the ledger,a company failed to post a $500 debit to the Equipment account.The effect of this error will be that:


Definitions:

Dielectric

An insulating material that can be polarized by an electric field, enhancing the capacitor's ability to store an electric charge.

Mica

A mineral used as an electric insulator.

Northwest Ordinance

An act passed by the Confederation Congress in 1787 that established a government for the Northwest Territory and outlined the process for admitting new states to the Union, prohibiting slavery in the territory.

Old Northwest

A historical term referring to the territory that became the states of Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota; it was an important region for expansion and settlement in early U.S. history.

Related Questions