The Bookkeeper Recorded Wages for the Month as a Debit

question 48

Multiple Choice

The bookkeeper recorded wages for the month as a debit to the Sales account rather than as a debit to wages expense. This error will result in:

• A) no effect on profit of the period.
• B) understated liabilities at the end of the period.
• C) understated assets at the end of the period.
• D) overstated profit for the period.

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Definitions:

Developmental Sequence

The order in which a series of developmental milestones are achieved, often pertaining to physical, cognitive, or emotional growth.

Imitation Reflex

An innate tendency of infants to mimic or reproduce behaviors observed in others, facilitating learning and development.

Caregiver-Infant Bonding

The emotional connection that develops between an infant and their primary caregiver, crucial for the child’s emotional and social development.

Mean Length

A statistical measure often used to describe the average size or duration of a set of elements.