Proving the Equality of the Totals in the Columns of Multiple-Column

question 55

Multiple Choice

Proving the equality of the totals in the columns of multiple-column special journals is called

• A) posting to the subsidiary.
• B) debiting and crediting.
• C) footing and crossfooting.
• D) updating the master file.

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Definitions:

Power To Revoke

The legal authority to cancel or withdraw a decision, offer, or agreement.

Promises

Declarations or assurances that one will do something or that a particular thing will happen.

Subjective Intent

A legal concept focusing on what an individual personally intended to happen or believed would happen, rather than the objective outcome of their actions.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.