Author Question: Which of the following errors, each considered individually, would cause the trial balance totals to ... (Read 67 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?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library