While in the Process of Posting from the Journal to the Ledger,a

question 149

Multiple Choice

While in the process of posting from the journal to the ledger,a company failed to post a $500 debit to the Equipment account.The effect of this error will be that:

• A)The Equipment account balance will be overstated.
• B)The trial balance will not balance.
• C)The error will overstate the debits listed in the journal.
• D)The total debits in the trial balance will be larger than the total credits.
• E)The error will overstate the credits listed in the journal.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, resulting in increased interconnectedness of the world's economies, cultures, and populations.

Theological Stage

The earliest stage in Comte's law of three stages, characterized by human understanding of the world as explained by supernatural beings and religious leaders.

Metaphysical Stage

A phase in Auguste Comte’s Law of Three Stages where human thought is dominated by abstract and speculative reasoning, seeking the essence of phenomena rather than their physical or empirical properties.

Positive Stage

A term in sociology introduced by Auguste Comte referring to the final stage of societal evolution where explanations of phenomena are based on scientific observations, experiments, and logic.