Of the Following Errors,which One on Its Own Will Cause

question 177

Multiple Choice

Of the following errors,which one on its own will cause the trial balance to be out of balance?

• A)A $200 cash salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense
• B)A $100 cash receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable
• C)A $75 cash receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash
• D)A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash
• E)An $800 prepayment from a customer for services to be rendered in the future was posted as an $800 debit to Unearned Revenue and an $800 credit to Cash

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Definitions:

Loanable Funds

The money available for borrowing in the financial market.

Equilibrium Rate

The price or point at which the quantity of a good or service supplied matches the quantity demanded.

Loanable Funds

The market where savers supply funds for loans to borrowers, often influenced by interest rates.

National Saving

The total amount of savings generated within a country, including both private savings by households and public savings by the government.