An Account Balance Is

question 158

Multiple Choice

An account balance is:

• A) The total of the credit side of the account.
• B) The total of the debit side of the account.
• C) The difference between the total debits and total credits for an account including the beginning balance.
• D) Assets = liabilities + equity.
• E) Always a credit.

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Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Sustainability Efforts

Initiatives aimed at maintaining ecological balance and reducing environmental impact through responsible practices.

Political Barriers

Refers to government-imposed restrictions that affect international trade and investment.

Philanthropic

Pertaining to the act of donating money, goods, time, or effort to support a charitable cause, often without expecting anything in return.