Which of the Following Errors, Each Considered Individually, Would Cause

question 162

Multiple Choice

Which of the following errors, each considered individually, would cause the trial balance totals to be unequal?

• A) A transaction was not posted.
• B) A payment of $67 for insurance was posted as a debit of $76 to Prepaid Insurance and a credit of $76 to Cash.
• C) A payment of $4,450 to a creditor was posted as a debit of $4,500 to Accounts Payable and a credit of $450 to Cash.
• D) Cash received from customers on account was posted as a debit of $720 to Cash and a credit of $720 to Accounts Payable.

---

Definitions:

Base Year

A reference year used for comparative purposes in the calculation of indexes, such as the Consumer Price Index, to measure changes over time.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to measure inflation or deflation.

First Year

The initial period or starting phase of an entity, event, or process, often marking the beginning of measurement or assessment.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.