Which of the Following Errors Would Be Disclosed by Preparation

question 85

Multiple Choice

Which of the following errors would be disclosed by preparation of a trial balance?

• A)The collection of an account receivable was recorded by a debit to the Land account rather than to the Cash account.
• B)The collection of an account receivable for $219 was recorded by a $291 debit to Cash and a $291 credit to Accounts Receivable.
• C)The collection of a $365 account receivable was not recorded at all.
• D)The collection of a $325 account receivable was recorded by a $325 debit to Cash and a $325 debit to Accounts Receivable.

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Definitions:

Commercially Impracticable

A legal principle that excuses a party from fulfilling a contract if unforeseen events make it extremely difficult or costly to do so.

Major Reconstruction

Involves significant rebuilding or making extensive repairs to a structure or infrastructure, usually to restore its usability or to improve its functionality.

Fixtures

Items that are originally personal property but become real property when attached in a permanent manner to real estate.

Furnishings

Items designed to make a space such as a room or building suitable for living or working in, including furniture, floor coverings, and decorations.