Multiple Choice
Which of the following errors will not be revealed by the unadjusted trial balance?
A) incorrectly posting a debit for Salaries Expense to Supplies Expense
B) failing to post one side of a journal entry
C) posting a $50,000 debit to Accounts Receivable as $5,000 while recording the credit to revenue as $50,000
D) posting a credit to cash for $5,400 as $4,500 while posting the debit to expense as $5,400
Correct Answer:
Verified
Correct Answer:
Verified
Q126: Recording depreciation expense is necessary to allocate
Q127: Mattox Corporation had an unadjusted balance of
Q128: The post-closing trial balance contains both permanent
Q129: The final step in the accounting cycle
Q130: Permanent accounts include all balance sheet accounts.
Q132: If a company does not adjust a
Q133: Snowden Company purchased a 2-year insurance policy
Q134: Closing revenue accounts results in a credit
Q135: Selected transactions of Ventura Corporation are
Q136: Which of the following is not a