Multiple Choice
The purchase of a delivery truck for $57,000 (on credit) was posted as debit to Delivery Trucks for $57,000, and a debit to Notes Payable for $57,000.
What effect would this error have on the trial balance?
A) The total of the Debit column of the trial balance will exceed the total of the Credit column by $114,000.
B) The total of the Debit column of the trial balance will exceed the total of the Credit column by $57,000.
C) The total of the Credit column of the trial balance will exceed the total of the Debit column by $57,000.
D) The total of the Credit column of the trial balance will exceed the total of the Debit column by $114,000.
Correct Answer:
Verified
Correct Answer:
Verified
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