A trial balance has a debit total of $10,000 and a credit total of $9,900 . Which of the following could be the cause of the 'out-of-balance' trial balance?

a. A debit to Cash for $50 was posted as a credit to the Cash account.
b. A credit to Cash for $50 was posted as a debit to the Cash account.
c. The Accounts Receivable account with a balance of $100 was omitted from the trial balance.
d. The Capital account balance was understated by $500.
e. The Office Equipment account is listed on the trial balance with a debit balance of $500 instead of $1,500.

b

Business

You might also like to view...

Architects of mergers and acquisition strategies typically set sights on which of the following objectives?

A. revamping a company's value chain B. facilitating the employment of both offensive and defensive strategies C. creating a more cost-efficient operation, expanding a company's geographic coverage, and extending a company's business into new product categories D. gaining quick access to new technologies or other resources and competitive capabilities, and leading the convergence of industries whose boundaries are being blurred by changing technologies and new market opportunities E. Two answers are correct: creating a more cost-efficient operation, expanding a company's geographic coverage, and extending a company's business into new product categories, and gaining quick access to new technologies or other resources and competitive capabilities, and leading the convergence of industries whose boundaries are being blurred by changing technologies and new market opportunities

Business

Caterpillar uses target-return pricing to set prices on its construction equipment, and justifies a higher price by showing lower lifetime operating costs

Indicate whether the statement is true or false

Business