The totals of a trial balance did not agree. Which error may have caused this? A. Expenses

Question:

The totals of a trial balance did not agree.

Which error may have caused this?

A. Expenses paid in cash omitted from the accounting records

B. Goods sold on credit to Jones debited in Jenson’s account

C. Repairs to machinery debited to machinery account

D. Total of the purchases returns account overcast

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

See More Books

Question Posted: Sep 14, 2021 12:30 AM

See More Questions

If the columns of a trial balance total to the same amount, the information included in the accounts must be correct. Do you agree or disagree?
Nelson Company Adjusted Trial Balance 31-Dec-18 Debit Credit Cash $3,000 Merchandise Inventory 2,500 Store Supplies 5,000 Prepaid Insurance 2,000 Store Equipment 42,900 Accumulated Depreciation...
The adjusted trial balance of Karise Repairs on December 31, 2017, follows. Required 1. Prepare an income statement and a statement of owner's equity for the year 2017, and a classified balance sheet...
1. Calculate the density of O2, in g/L, at STP. 1.62 g/L b. 0,714 g/L 1.43 g/L. d. 1.14 g/L e. 0.810 g/L a. .
A sample of O2 is collected over water in a 5.00 L container at 20C. If the total pressure is 688 torr, how many moles of O2 are collected?
In what ways can the use of power and politics help or harm an organization?
E 11-13 Determining the primary beneficiary in a VIE Pop Corporation and Son Company participate in a business classified as a VIE. Under terms of their contractual arrangement, Pop and Son share...
Warford Corporation was formed five years ago through a public subscription of common stock. Lucinda Street, who owns 15% of the common stock, was one of the organizers of Warford and is its current...
A company has the following information: Cash balance per bank, Dec. 31, $9,500 Deposits in transit, $1,255 Notes receivable and interest collected by bank, $750 Bank charge for check printing, $50...
Following are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income, 12 Months Ended ($ millions) April 26, 2019 Net Sales $30,557 Costs and expenses Cost of...
Rent received from a tenant in cash, $450, was entered in the accounts as $460. How will this affect the trial balance? Debit balances in trial balance Credit balances in trial balance A cash...
The balance of which account may appear on the debit side of a trial balance? A. Carriage inwards B. Purchases returns C. Rent receivable D. Sales
What is a homemade dividend in the context of MM? Why might a shareholder want such a dividend?
Below are incomplete financial statements for Hurricane, Incorporated Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Income Statement Stmt...
TBTF Incorporated purchased equipment on May 1, 2021. The company depreciates its equipment using the double-declining balance method. Other information pertaining to the equipment purchased by TBTF...
Coco Ltd. manufactures milk and dark chocolate blocks. Below is the information relating to each type of chocolate. Milk Chocolate Selling price per unit $6 Variable cost per unit $3 Sales mix 4 Dark...
Data related to 2018 operations for Constaga Products, a manufacturer of sewing machines: Sales volume 5,000 units Sales price $300.00 per unit Variable production costs Direct materials 75.00 per...
6. (20 points) Sections 3.1-3.5, 3.7 Differentiate the following functions, state the regions where the functions are analytic. a. cos(e*) b. 1 ez +1 c. Log (z+1) (Hint: To find where it is analytic,...
The Gap, Inc., is a global specialty retailer of casual wear, accessories, and personal products for women, men, children, and babies under the Gap, Banana Republic, Old Navy, Athleta, and Intermix...
Is that Yelp review real or fake? The article A Framework for Fake Review Detection in Online Consumer Electronics Retailers (Information Processing and Management 2019: 12341244) tested five...
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...
Art, an executive with Azure Corporation, plans to start a part-time business selling products on the Internet. He will devote about 15 hours each week to running the business. Arts salary from Azure...
Compute the income tax liability for each of the following unrelated C corporations. a. Darter Corporation has taxable income of $68,000. b. Owl Corporation has taxable income of $10,800,000. c....
.Is bankruptcy on the part of the borrower a common risk that frequently interferes with a lenders efforts to work out a defaulted loan through either nonforeclosure means or foreclosure? Discuss.
For each of the following, compute the future value: Present Value Years Interest Rate $ 1 , 2 5 0 1 9 1 2 % $ 9 8 , 7 2 7 1 5 1 3 % $ 6 2 5 6 1 2 % $ 1 1 7 , 6 2 2 7 1 6 % 2 . For each of the...
Only need help on 4B and 5. Exercise 9-21 Breakeven Planning; Profit Planning (LO 9-2, 9-3] Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in...

The totals of a trial balance did not agree. Which error may have caused this? A. Expenses

Question:

Step by Step Answer:

Solution The correct option is D Total of the purchases returns account ...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

Related Video

Students also viewed these Business questions