Which of the following are the errors in? record-keeping that might prevent a tr

ID: 2513928 • Letter: W

Question

Which of the following are the errors in? record-keeping that might prevent a trial balance from? agreeing? Select all that apply. A. A transaction in the amount of? $100 was misread as? $1,000 but then correctly debited and credited to the proper accounts. B. A? $600 sale of goods on credit is treated as a? $600 debit to Sales and a? $600 debit to? Debtors/receivables. C. A payment for wages of? $100 was debited to Wages as? $100 but then credited as? $1,000 to Cash. D. A transaction was completely omitted from the? accounts, that? is, no entries were made at all. Which of the following are the errors in? record-keeping that might prevent a trial balance from? agreeing? Select all that apply. A. A transaction in the amount of? $100 was misread as? $1,000 but then correctly debited and credited to the proper accounts. B. A? $600 sale of goods on credit is treated as a? $600 debit to Sales and a? $600 debit to? Debtors/receivables. C. A payment for wages of? $100 was debited to Wages as? $100 but then credited as? $1,000 to Cash. D. A transaction was completely omitted from the? accounts, that? is, no entries were made at all. Which of the following are the errors in? record-keeping that might prevent a trial balance from? agreeing? Select all that apply. A. A transaction in the amount of? $100 was misread as? $1,000 but then correctly debited and credited to the proper accounts. B. A? $600 sale of goods on credit is treated as a? $600 debit to Sales and a? $600 debit to? Debtors/receivables. C. A payment for wages of? $100 was debited to Wages as? $100 but then credited as? $1,000 to Cash. D. A transaction was completely omitted from the? accounts, that? is, no entries were made at all.

Explanation / Answer

Dear student...Thank you for using chegg...correct answer is

C.A payment for wages of? $100 was debited to Wages as? $100 but then credited as? $1,000 to Cash.

This is because Debit balance would increase by $100 whereas credit balance would increase by 1,000. Thus overall credit balance would exceed debit balance by $900.

Navigate

Which of the following are the correct steps for setting up event handling for a

Which of the following are the functions performed by essentially every RF Front

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

Which of the following are the errors in? record-keeping that might prevent a tr

Question

Explanation / Answer

Related Questions

Navigate