The Accounts Receivable Account Has Total Debit Postings of $2,000

question 65

Multiple Choice

The Accounts Receivable account has total debit postings of $2,000 and credit postings of $1,200.The balance of the account is:

• A)$800 debit.
• B)$800 credit.
• C)$2,600 credit.
• D)$2,600 debit.

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Definitions:

Cod Fishery

The commercial fishing activity aimed at catching cod, a type of fish that has historically been vital to the economies of several northern countries.

Canadian Government

The federal administration of Canada, operating under a parliamentary system within a constitutional monarchy.

Eastern Canada

Eastern Canada is the region of Canada comprising provinces like Ontario, Quebec, Newfoundland and Labrador, New Brunswick, Nova Scotia, and Prince Edward Island, known for its distinct cultural and geographical features.

Global Catch

The total mass of fish and other sea animals captured from the world's water bodies each year.