An Error Is Indicated If the Following Account Has a Balance

question 238

Multiple Choice

An error is indicated if the following account has a balance appearing on the post-closing trial balance:

• A)Office Equipment
• B)Accumulated Depreciation-Office Equipment
• C)Depreciation Expense-Office Equipment
• D)Common Stock
• E)Salaries Payable

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Definitions:

Width

The measurement or extent of something from side to side; the lesser of two or the least of three dimensions of a body.

Area

The measure of the extent of a two-dimensional shape or surface in a plane, expressed in square units.

Labor

Human effort used in the production of goods and services.

Hours

Units of time equivalent to 60 minutes.