When the Amount for a Debit Entry in a General

question 43

Multiple Choice

When the amount for a debit entry in a general journal is transferred to a specific account in the general ledger, it must be posted as a:

• A) debit to the account in the general ledger.
• B) credit to the account in the general ledger.
• C) total amount, without regard to debit or credit, since the general ledger accounts do not have spaces for debit and credit entries.
• D) decrease to the account in the general ledger.

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Definitions:

Trials

Refers to the number of times an experiment is performed or the number of individual tests run in a statistical analysis.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.

Permanent Full-Time

Employment status where individuals are hired for a continuous duration without an anticipated end date and work a full schedule, usually defined by the employer.

Historical Percentages

Percentages calculated from past data, used to make predictions or assessments about future trends.