With Respect to the Balancing of an Account, Which One

question 90

Multiple Choice

With respect to the balancing of an account, which one of these statements is FALSE?

• A) If the total on the credit side was the larger, the balance is a credit.
• B) Dollar signs are always used to designate a balance amount.
• C) Footings of each side of the account are needed to determine the balance.
• D) If the total on the debit side was the larger, the balance is a debit.

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Definitions:

Adult Children

Adults who have to assume significant responsibility from a young age, often due to parental absence or incapacity.

Fictive Kin

Individuals who are not related by blood or marriage but are considered and treated as family members due to strong bonds and emotional connections.

Legal Families

Groups of individuals related by blood, marriage, or adoption and recognized as such by law.

Social Convoy

A theory stressing the importance of social relationships that individuals accumulate over their lives, acting as a protective and supportive network.