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Author Question: The trial balance is out of balance and the accountant suspects that a transposition or slide error ... (Read 52 times)

audragclark

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on: Jul 5, 2018
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

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

b


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