Which of the Following Errors Would Not Be Disclosed by Preparation

question 86

Multiple Choice

Which of the following errors would not be disclosed by preparation of a trial balance?

• A)An error was made in computing the balance of the Cash account.
• B)A journal entry included a debit to the Equipment account for $3,200,but this amount was erroneously posted as $2,300.
• C)During the posting process,a $1,700 debit to Cash was accidentally entered in the credit side of the Cash account.
• D)The journal entries recorded on the last day of the year have never been posted to the ledger.

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Definitions:

Competitive Equilibrium

is a condition in a market where supply equals demand, with prices becoming stable at this point.

Capital Input

The resources used in the production process, including buildings, machinery, and equipment.

Labor Input

The total hours of work or number of workers employed in the production of goods and services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which one input can be substituted for another input in the production process, while keeping the output level constant.