If the Two Totals of a Trial Balance Are Not

question 6

Multiple Choice

If the two totals of a trial balance are not equal,it could be due to:

• A) failure to record a transaction.
• B) recording the same erroneous amount for both the debit and the credit parts of a transaction.
• C) an error in determining the account balances,such as an incorrectly computed balance.
• D) recording the same transaction more than once.

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Definitions:

Tax Credits

Financial incentives or reductions in tax payments provided by governments to encourage certain behaviors or to aid taxpayers in specific situations.

Rate Of Poverty

The proportion of the population living below the poverty line, reflecting the economic condition where individuals lack sufficient income to meet minimal standards of living.

Political Will

The determination or commitment of policymakers to undertake actions that are necessary to achieve specific political objectives, often in the face of opposition or difficulty.

Western European Nations

Countries located in the Western part of Europe, often characterized by democratic forms of government, industrial economies, and high standards of living.