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Author Question: When a transposition error is made on the trial balance, the difference between the debit and credit ... (Read 217 times)

bucstennis@aim.com

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on: Jul 5, 2018
When a transposition error is made on the trial balance, the difference between the debit and credit totals on thetrial balance will be
 a. zero
  b. twice the amount of the transposition
  c. one-half the amount of the transposition
  d. divisible by 9

Question 2

For which types of organizations is the Financial Accounting Standards Board (FASB) responsible for establishing accounting and financial reporting standards?
 
  a. Business-type organizations and not-for-profit organizations, including not-for-profit colleges, universities and health care providers
  b. Business-type organizations; not-for-profit organizations; and all colleges, universities and health care providers, whether organized as not-for-profit or governmental entities
  c. Business-type organizations only
  d. All entities, except for those under the jurisdiction of the American Institute of CPAs


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cat123

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

d

Answer to Question 2

a


bucstennis@aim.com

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Reply #2 on: Jul 5, 2018
Correct answers!


cat123

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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