Given Each of the Following Errors, Indicate on the Table

question 145

Essay

Given 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.

---

Definitions:

CSR

Corporate Social Responsibility; a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Venture Philanthropy

Investing in social or environmental causes using strategies akin to those in venture capital, aiming for both societal impact and financial return, with a focus on innovation and sustainability.

Venture Philanthropists

Individuals or organizations that invest in non-profits or social enterprises with the expectation of generating a measurable social impact alongside a financial return.

Primary Attributes

The most significant or inherent characteristics or qualities of an object, person, or concept.