Which of the following errors will cause the trial balance to be out of balance?
a. An entire transaction was entered in the general journal as $27 instead of $72.
b. An entire transaction was omitted from the general journal.
c. The balance of an account was incorrectly computed.
d. A debit entry was entered in the wrong debit account.
C
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The difference between the debits and credits for each pair of columns in the Income Statement and Balance Sheet sections of the work sheet represents net income or net loss
a. True b. False Indicate whether the statement is true or false
Which of the following types of differentiation relates to companies having better-trained personnel who provide superior customer service?
A) channel differentiation B) services differentiation C) employee differentiation D) image differentiation E) product differentiation
Purchases of buildings and equipment are formally planned in the
a. depreciation budget. b. budgeted balance sheet. c. selling and administrative expense budget. d. capital expenditures budget.
How can you, as the communicator, increase the likelihood that your message will be accurately understood?
A) Include step-by-step instructions for the audience. B) Follow up the written communication with a phone call. C) Make the message easy for the audience to understand. D) Ask the audience if there is any further information needed. E) Look for nonverbal feedback from the audience.