Multiple Choice
A $100 collection on account was posted as a debit to cash and a credit to accounts payable. This error will cause:
A) the trial balance to be in balance.
B) the sum of the credits to exceed the sum of the debits by $100.
C) the sum of the debits to exceed the sum of the credits by $100.
D) accounts receivable account to be too low by $100.
Correct Answer:
Verified
Correct Answer:
Verified
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