Which of the following errors will cause the trial balance to be out of balance?
A) Posting a debit to Land as a debit to Machinery.
B) Placing a debit balance amount into the credit balance column of the ledger.
C) Omitting an entire transaction.
D) Incorrectly recording the purchase of land for cash as a debit to Cash and a credit to Land.
B
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A company prepares adjusting entries for debit memorandums but not for credit memorandums
a. True b. False Indicate whether the statement is true or false
The off-retail markdown percentage equals average dollar markdown as a percent of net sales
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
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