A Trial Balance Does Not Identify All Types of Errors

question 139

Multiple Choice

A trial balance does not identify all types of errors, which of the following are errors are not identified using the trial balance?

• A) incorrectly recorded transaction amount, but debits still equal credits
• B) incorrectly posted to the wrong account
• C) transaction was not recorded
• D) All of these choices

---

Definitions:

Ranked Means

This involves ordering sets of data points or groups from lowest to highest and comparing the mean values of these ranks to analyze differences or trends.

Tukey's Method

A statistical method for identifying outliers in a data set, based on the interquartile range.

ANOVA Assumptions

Conditions that must be met for the Analysis of Variance (ANOVA) technique to accurately assess the difference among group means, including independence, normality, and homogeneity of variances.

Building Contractor

A professional or company responsible for overseeing the construction of buildings, managing materials, labor, and ensuring compliance with building codes and plans.