Author Question: Which of the following errors, each considered individually, would cause the trial balance totals to ... (Read 66 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?

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

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library