The Difference Between the Totals of the Debit and Credit

question 82

Multiple Choice

The difference between the totals of the Debit and Credit columns of the Adjusted Trial Balance columns on the end-of-period spreadsheet

• A) is the amount of net income or loss
• B) indicates there is an error on the work sheet
• C) is the amount of owner's equity
• D) is the difference between revenue and expenses

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Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Circadian Cycle

A natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Hypothalamus

A small region of the brain located below the thalamus that plays a crucial role in many essential functions, including hormone regulation, temperature control, and hunger.

Altered State

A condition of consciousness that is significantly different from one's normal waking state, often induced by substances, meditation, or hypnosis.