This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When posting from the journal to the ledger, the accountant failed to post a 52 debit to Cash. The ... (Read 98 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jul 6, 2018
When posting from the journal to the ledger, the accountant failed to post a 52 debit to Cash. The effect of this error will be that the
 a. amounts in the journal will be in error.
   b. trial balance will not balance.
   c. total debits in the trial balance will be larger than the total credits.
   d. Cash account balance will be overstated.
   e. trial balance will not be affected.

Question 2

The book value of a business may or may not represent its fair market value.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

TRUE
Explanation: The book value of a business rarely represents its fair market value.


123654777

  • Member
  • Posts: 585
Reply 2 on: Jul 6, 2018
Excellent

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Post-translational sorting of a protein to the mitochondrial matrix Post-translational sorting of a protein to the mitochondrial matrix
The relative proportions of body region representation in the motor cortex (anterior to the central The relative proportions of body region representation in the motor cortex (anterior to the central
Post-transcription Modification Post-transcription Modification
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Post-transcriptional processing. Post-transcriptional processing.
Post-transcriptional modification of RNA. Introns are removed and exons spliced together. Messenger Post-transcriptional modification of RNA. Introns are removed and exons spliced together. Messenger
Video: Atrophy

For a complete list of videos, visit our video library