Author Question: Which of the following errors, each considered individually, would cause the trial balance totals to ... (Read 72 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
Which of the following errors, each considered individually, would cause the trial balance totals to be unequal?
 a. A transaction was not posted.
  b. A payment of 67 for insurance was posted as a debit of 76 to Prepaid Insurance and a credit of 76 toCash.
  c. A payment of 4,450 to a creditor was posted as a debit of 4,500 to Accounts Payable and a credit of 450to Cash.
  d. Cash received from customers on account was posted as a debit of 720 to Cash and a credit of 720 toAccounts Payable.

Question 2

The external financial statementsfor itsCapital Projects Funds of a governmental entity may include the following except
 
  A. A budget-to-actual statement of revenues, expenditures, and changes in fund balance.
  B. A statement of revenues, expenditures, and changes in fund balance.
  C. A statement of cash flows.
  D. Balance Sheet.



cat123

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

c

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library