A $190 Credit Item Is Posted as a Debit

question 181

Multiple Choice

A $190 credit item is posted as a debit.The trial balance column totals therefore will differ by

• A) $380.
• B) $760.
• C) $190.
• D) $0.

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Definitions:

Exchange Offer

A proposal by a company to trade securities, such as bonds or stocks, for other securities or assets with different terms or values.

Stock Tender Offer

A public offer by a company or individual to purchase a certain amount of shareholders' stock at a specified price for a limited time.

Shares

Units of ownership interest in a corporation or financial asset, representing a portion of the corporation's capital.

Chose in Action

A personal right to property which can only be claimed or enforced by action, not by taking physical possession.