Which of the following errors will cause an imbalance

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Nature of Mathematics
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Chapter 11 / Exercise 12
Nature of Mathematics
Smith
Expert Verified
45. Which of the following errors will cause an imbalance in the trial balance? a. Omission of a transaction in the journal. b. Posting an entire journal entry twice to the ledger. c. Posting a credit of $720 to Accounts Payable as a credit of $720 to Accounts Receivable. d. Listing the balance of an account with a debit balance in the credit column of the trial balance. S
46. Which of the following is not a principal purpose of an unadjusted trial balance?
S47. An adjusting entry should never include
48. Which of the following is an example of an accrued expense?
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Nature of Mathematics
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Chapter 11 / Exercise 12
Nature of Mathematics
Smith
Expert Verified
The Accounting Information System 3 - 11P49. Which of the following statements is associated with the accrual basis of accounting? a. The timing of cash receipts and disbursements is emphasized. b. A minimum amount of record keeping is required. c. This method is used less frequently by businesses than the cash method of accounting. d. Revenues are recognized in the period they are earned, regardless of the time period the cash is received. P
50. An adjusting entry to record an accrued expense involves a debit to a(an):
The failure to properly record an adjusting entry to accrue an expense will result in an:
P

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