Multiple Choice
An $80 credit item is accidentally posted as a debit. The trial balance column totals will therefore differ by
A) $0.
B) $40.
C) $80.
D) $160.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A $4,000 machine is purchased by paying
Q23: When the columns of the trial balance
Q57: The ledger account form has a Balance
Q60: Dollar signs are not used in journals
Q61: Fair Value is the exchange price associated
Q64: Generally,before Accounts Receivable is debited,it is credited.
Q89: Why is the Owner's Withdrawals account increased
Q96: If a debit to Supplies were posted
Q99: Posting is performed by transferring information from
Q120: A net income of $10,000 means that