An $80 Credit Item Is Accidentally Posted as a Debit

question 59

Multiple Choice

An $80 credit item is accidentally posted as a debit. The trial balance column totals will therefore differ by

• A) $0.
• B) $40.
• C) $80.
• D) $160.

---

Definitions:

Wholesaling

The business practice of selling goods in large quantities at lower prices to retailers or other entities, who then sell them to end consumers.

Importing/Exporting

involves the buying of goods or services from a foreign country (importing) or selling goods or services to a foreign country (exporting).

New Jobs

Positions of employment that are created as a result of economic growth, innovation, or changes in the marketplace.

Executive Summary

A concise overview of a document, proposal, or report, highlighting its key points, objectives, and conclusions to inform and engage readers quickly.