Which of the Following Accounts Showing a Balance on the Post-Closing

question 66

Multiple Choice

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

• A) N. Young, Capital.
• B) Depreciation Expense-Office Equipment.
• C) Office Equipment.
• D) Salaries Payable.
• E) Accumulated Depreciation-Office Equipment.

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Definitions:

Commission Charges

Fees charged by brokers or agents for their service in facilitating a transaction, often a percentage of the sale value.

Total Cost

The complete amount of money spent on producing or acquiring a product or service, including all variable and fixed expenses.

Par Value

The face value of a bond or stock as stated by the issuing company.

Dividend Per Share

The amount of dividend that a company pays out for each share of its stock over a designated period.