Examlex

Solved

For Each of the Following Errors, Indicate on the Table

question 186

Essay

For each of the following errors, indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit) will have the larger total as a result of the error.
a. $100 debit to Cash was debited to the Cash account twice
b. $1,900 credit to Sales was posted as a $190 credit
c. $5,000 debit to Office Equipment was debited to Office Supplies
d. $625 debit to Prepaid Insurance was posted as a $62.50 debit
e. $520 credit to Accounts Payable was not posted
 Error  Amount Out of  Balance  Column Having  Larger Total  a.  b.  c.  d.  e. \begin{array} { | c | c | c | } \hline \text { Error } & \begin{array} { c } \text { Amount Out of } \\\text { Balance }\end{array} & \begin{array} { c } \text { Column Having } \\\text { Larger Total }\end{array} \\\hline \text { a. } & & \\\hline \text { b. } & & \\\hline \text { c. } & & \\\hline \text { d. } & & \\\hline \text { e. } & & \\\hline\end{array}


Definitions:

Departmentation

The process of dividing an organization into distinct departments, allowing for specialized functions and management.

Configurations

Arrangements or sets of components or elements that are organized in a particular manner or structure.

Task Environment

Comprises the immediate external factors and entities that directly affect an organization's operations, including suppliers, customers, competitors, and regulatory agencies.

Constellation of Firms

A network or group of companies that operates together in some capacity, often sharing resources or working toward common goals, without necessarily being legally bound to each other.

Related Questions