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

question 191

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:

• A) The error will overstate the credits listed in the journal.
• B) The trial balance will not balance.
• C) The total debits in the trial balance will be larger than the total credits.
• D) The error will overstate the debits listed in the journal.
• E) The Equipment account balance will be overstated.

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Definitions:

Financial Success

The achievement of financial goals and objectives, often measured by wealth, income, or the ability to afford desired lifestyles.

Nonessential

Not absolutely necessary or required; can be omitted without affecting the essence or main purpose.

Emotional Appeal

A persuasive technique that targets the audience's feelings and emotions to influence their attitudes or behaviors.

Uncompromising Safety

A strict and unwavering commitment to maintaining safety standards to prevent harm or danger in any environment.