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.

Grasp the benefits that thorough planning brings in terms of time and cost savings during project execution.

Understand that project management involves dealing with uncertainties and predicting project aspects can be challenging.

Learn the importance of anticipating contingencies and building slack into project schedules for better preparedness.

Identify and correct grammatical fragments in sentences.

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Definitions:

First in Time

A principle stating that rights or privileges are assigned to those who are first to take action or establish legal claim.

Priority in Bankruptcy

The ranking order established by bankruptcy law that determines the sequence in which creditors are paid from a debtor's estate.

Accounts Receivables

The amounts of money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Negotiable Instrument

A document in writing that promises to pay a certain sum of money, either upon request or at a predetermined date, with the person responsible for payment identified on the document.