Multiple Choice
If, on a trial balance, the total of the debits is $7,500 and the total of the credits is$7,419, the difference could have been caused by:
A) A transposition error.
B) A sliding error.
C) Posting only one side of an entry.
D) An error in copying an account balance from the ledger to the trial balance.
E) All of these answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Double-entry accounting means that every transaction affects
Q9: Eli opened a new business by investing
Q10: To make it easier for the bookkeeper,
Q13: Indicate whether a debit or a credit
Q14: A building is an example of an
Q16: An account is a detailed record of
Q17: A compound journal entry usually affects three
Q19: What types of account balances are increased
Q52: In a double-entry accounting system, total debits
Q241: Explain the recording and posting processes.