Which of the Following Errors Will Not Cause the Debit

question 122

Multiple Choice

Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?

• A)A debit entry was recorded in the wrong account.
• B)A debit was entered in an account as a credit.
• C)The account balance was carried to the wrong column of the trial balance.
• D)The balance of an account was incorrectly computed.

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Definitions:

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

MC

MC, or Marginal Cost, is the cost of producing one additional unit of a product, crucial for understanding profit maximization in businesses.

Marginal Revenue

The additional income from selling one more unit of a good; essentially the change in total revenue from an additional unit sold.

Perfect Competition

An idealized market structure in which there are many buyers and sellers, no barriers to entering or exiting the market, and products are identical.