A Trial Balance Has All of the Following Features Listed

question 66

Multiple Choice

A trial balance has all of the following features listed below except:

• A) subtotals for assets, liabilities, and shareholders' equity
• B) a heading
• C) totals for both debits and credits
• D) accounts listed in order, assets first, followed by liabilities and then shareholders' equity

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Definitions:

Cognitive Learning

A style of learning that involves understanding, thinking, problem-solving, and remembering, by which knowledge is gained and retained.

Vicarious Learning

Learning that occurs by observing the behaviors of others and the outcomes of those behaviors.

Insects

A vast group of arthropods characterized by a chitinous exoskeleton, a three-part body (head, thorax, abdomen), three pairs of jointed legs, compound eyes, and one pair of antennae.

Law of Effect

A principle in behaviorism stating that responses followed by satisfaction will become more likely to occur, and those followed by discomfort will become less likely.