The Credit Purchase of a Delivery Truck for $4,700 Was

question 2

Multiple Choice

The credit purchase of a delivery truck for $4,700 was posted to Delivery Trucks as a $4,700 debit and to Accounts Payable as a $4,700 debit. What effect would this error have on the trial balance?

• A) The total of the Debit column of the trial balance will exceed the total of the Credit column by $4,700.
• B) The total of the Credit column of the trial balance will exceed the total of the Debit column by $4,700.
• C) The total of the Debit column of the trial balance will exceed the total of the Credit column by $9,400.
• D) The total of the Credit column of the trial balance will exceed the total of the Debit column by $9,400.
• E) The total of the Debit column of the trial balance will equal the total of the Credit column.

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Definitions:

Special Assignment

A unique task or project given to an employee or a team that is outside their regular duties, often requiring specific skills or high levels of responsibility.

Succession Management

A strategy for identifying and developing future leaders at a company or organization.

Time Period

A duration in which events occur or conditions exist, often specified by dates.

Development Methods

Strategies or techniques used in creating, expanding, or improving products, services, or processes.