Suppose a Little Bubble of Air Has Gotten into the Top

question 6

Multiple Choice

Suppose a little bubble of air has gotten into the top of a mercury barometer. If a person uses a barometer in the usual way, the reading of atmospheric pressure will be

• A) correct.
• B) higher than the actual value.
• C) lower than the actual value.

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Definitions:

Accounting Equation

The foundational principle of accounting, stating that assets equal liabilities plus equity.

Source Documents

Original records that contain the details of a business transaction, such as invoices, receipts, and contracts.

Ledger Accounts

Accounts recorded in a ledger, representing a record of the financial transactions by type, whether it's assets, liabilities, equity, income, or expenses.

Cash Distribution

The payment of earnings or capital to shareholders, partners, or owners in the form of cash.