Which of the Following Is an Exact Number

question 55

Multiple Choice

Which of the following is an exact number?

• A) the number of milligrams in a gram
• B) the number of meters in a kilometer
• C) the number of micrometers in a centimeter
• D) the number of cubic centimeters in a liter
• E) All of the above are exact numbers.

---

Definitions:

Assets

Economic resources owned by a business or individual that are expected to benefit future operations.

Expenses

Financial outlays or obligations incurred by a company as part of its operational activities, leading to a reduction in owners' equity.

Compound Entry

An accounting entry that involves more than two accounts, where there are multiple debits and/or credits in a single transaction.

Trial Balance

A financial worksheet that consolidates all ledger balances into debit and credit columns, verifying the mathematical accuracy of a company's accounting system.