If the Total Credits Exceed Total Debits in the Income

question 113

True/False

If the total credits exceed total debits in the Income Statement columns of the work sheet,the business has had net income.

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Definitions:

Real Numbers

All the numbers on the number line, including rational and irrational numbers, but not imaginary numbers.

Radical Expression

An expression that includes a radical symbol, which indicates the root of a number.

Simplify

The process of making an expression or equation easier to work with, by reducing it to its most basic form.

Absolute Value

The distance of a number from zero on the real number line, disregarding whether it is positive or negative.