An Entry to Record the Payment to a Vendor Was

question 111

Multiple Choice

An entry to record the payment to a vendor was correctly recorded and posted to the general ledger but was not posted to the subsidiary ledger. This error will cause

• A) net income to be overstated.
• B) net income to be understated.
• C) the accounts payable control account to not agree with the subsidiary ledger.
• D) the accounts receivable control account to not agree with the subsidiary ledger.

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Definitions:

Cereal Manufacturer

A company specializing in the production and sales of cereal products, including both cold and hot options, for consumer consumption.

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