A Bookkeeper Forgot to Post a Credit to Accounts Receivable,but

question 14

Multiple Choice

A bookkeeper forgot to post a credit to Accounts Receivable,but did post the debit part of the journal entry correctly.Then:

• A)the trial balance would still balance.
• B)total debits would exceed total credits on the trial balance.
• C)total credits would exceed total debits on the trial balance.
• D)total debits and total credits would both be incorrect on the trial balance.

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Definitions:

Defined Benefit Pension Plan

A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.

Projected Benefit Obligation

An estimation of the present value of a retirement plan's liabilities owed to employees, based on projected salary increases.

Defined Benefit Pension Plan

A pension plan where an employer promises a specific payout upon retirement, based on factors like salary history and employment duration.

Pension Expense

The cost recognized by an employer for providing retirement benefits to employees over the current accounting period.