A Credit Balance in Which of the Following Accounts Would

question 143

Multiple Choice

A credit balance in which of the following accounts would indicate a likely error?

• A) Fees Earned
• B) Salary Expense
• C) Common Stock
• D) Accounts Payable

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Definitions:

Slamming

An illegal telecommunications practice where a customer's telephone service is switched to another provider without their consent.

Consumers

Individuals or groups that purchase goods or services for personal use.

Embezzlement

Misappropriation or theft of funds placed in one's trust or belonging to one's employer.

Building Code

Regulations set by local governments regarding the design, construction, and occupancy of buildings to ensure public safety and health.