Which Account Listed Below Would Be Double Ruled in the Ledger

question 102

Multiple Choice

Which account listed below would be double ruled in the ledger as part of the closing process?

• A) Cash
• B) Owner's Capital
• C) Owner's Drawings
• D) Accumulated Depreciation-Equipment

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Definitions:

$75,000

A monetary amount, which could be specified in legal or financial contexts, such as a threshold for federal court jurisdiction in diversity cases in the United States.

Subject-Matter Jurisdiction

The jurisdiction of a tribunal to consider legal disputes within a certain category or connected to a particular topic.

In Personam Jurisdiction

A court's power to bring a person into its adjudicative process; jurisdiction over a person's rights, rather than over property.

Question of Fact

In legal contexts, this refers to a point of contention that involves the truth or falsity of factual statements, which is decided by a judge or jury.