Which of the Following Errors Would Cause the Debit Side

question 18

Multiple Choice

Which of the following errors would cause the debit side of a trial balance to be larger than the credit side?

• A)Revenue earned on account was recorded with a debit to Cash and a credit to Revenue.
• B)Purchase of supplies on account was recorded with a credit to Supplies and a debit to Accounts Payable.
• C)Land purchased with cash was recorded with a debit to the Land account and a credit to Accounts Payable.
• D)None of these answer choices would cause the debit side of the trial balance to be larger than the credit side.

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Definitions:

Factor Endowments

The quantity and quality of labor, land, and capital that a country possesses and can utilize for manufacturing.

Free Trade

A policy wherein a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).

Tariffs

Government levies on goods brought into the country.

Import Quotas

Import Quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, typically used to protect domestic industries and control trade balances.