Author Question: The trial balance is out of balance and the accountant suspects that a transposition or slide error ... (Read 64 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
The trial balance is out of balance and the accountant suspects that a transposition or slide error hasoccurred. What will the accountant do to confirm this suspicion?
 a. Determine the amount of the error and look for that amount on the trial balance.
  b. Determine the amount of the error and divide by two, then look for that amount on the trial balance.
  c. Determine the amount of the error and refer to the journal entries for that amount.
  d. Determine the amount of the error and divide by nine. If the result is evenly divided, then this type of error islikely.

Question 2

A not-for-profit organization performs all of the following activities except
 
  a. Charging a fee for services provided
  b. Paying dividends to shareholders
  c. Purchasing long-lived (capital) assets
  d. Paying overtime to employees



millet

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

For a complete list of videos, visit our video library