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The credit purchase of a new oven for $ 5 , 7 0 0 was posted to Kitchen Equipment as a $ 5 , 7
The credit purchase of a new oven for $ was posted to Kitchen Equipment as a $ debit and to Accounts Payable as a $ debit. What effect would this error have on the trial balance?
Multiple Choice
The total of the Debit column of the trial balance will exceed the total of the Credit column by $
The total of the Credit column of the trial balance will exceed the total of the Debit column by $
The total of the Debit column of the trial balance will exceed the total of the Credit column by $
The total of the Debit column of the trial balance will equal the total of the Credit column.
The total of the Credit column of the trial balance will exceed the total of the Debit column by $
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E Commerce Operational Aspects Accounting Auditing And Taxation Issues
Authors: Lata Sharma
1st Edition
8177084097, 978-8177084092
