Ask Question
BusinessBusiness
31 May, 14:41

When a transposition error is made on the trial balance, the difference between the debit and credit totals on the trial balance will be a. twice the amount of the transposition b. zero c. divisible by 9 d. one-half the amount of the transposition

+3
Answers (1)
  1. 31 May, 14:44
    0
    c. divisible by 9

    Only when two adjacent numbers are transposed.

    Explanation:

    It is a type of error that occurs when two digits are mistakenly reversed when reporting a transaction, those digits can be individual digit or part of a larger sequence. It is a type of error related to data entry and it is considered small and unintentional, but it could lead to serious financial loss. Transposition error is divisible by 9 when two adjacent numbers are transposed which will result in mathematical error. It is an humanly induced error.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When a transposition error is made on the trial balance, the difference between the debit and credit totals on the trial balance will be a. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2019, Crouser Company sold the land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due January 1, 2021. The fair value of the land was $123,966.90 on the date of sale.
Answers (1)
Which of the following statements is FALSE? A. The effective annual rate indicates the amount of interest that will be earned at the end of the year. B. The annual percentage rate indicates the amount of simple interest earned in one year. C.
Answers (1)
In a liquidation, a. gains or losses are distributed according to the partnership agreement. b. assets may be sold at amounts that differ from their original cost. c. the business will not continue. d. All of these choices may occur.
Answers (1)
Andrew opened a fast-food restaurant on the corner of First and Main Streets in a small town. He named the restaurant The Hamburger Place.
Answers (1)
Is the proportion of men who write a shopping list before going shopping less than the proportion of women who do so? Let p1 and p2 represent the population proportions of men and women, respectively, who use shopping lists.
Answers (1)
New Questions in Business
Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
Answers (1)
Chegg In year 1, the capital stock was 6, the labor input was 3, and output was 12. In year 2, the capital stock was 7, the labor input was 4, and output was 14. What happened to total factor productivity between the two years?
Answers (1)
A company's adjustment for uncollectible accounts at year-end would include a: Multiple Choice Debit to Bad Debt Expense. Credit to Accounts Receivable. Debit to Accounts Receivable. Debit to Allowance for Uncollectible Accounts.
Answers (1)
Explain the differences between transactional and relationship marketing. How do these differences lead to increasing emphasis on logistical performance in supply chain management
Answers (1)
In the context of investing, the term market refers to
Answers (1)
Home » Business » When a transposition error is made on the trial balance, the difference between the debit and credit totals on the trial balance will be a. twice the amount of the transposition b. zero c. divisible by 9 d. one-half the amount of the transposition
Sign Up Forgot Password?