If the Sum of the Debit Column Equals the Sum

question 93

Multiple Choice

If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates

• A)no errors have been made.
• B)no errors can be discovered.
• C)that all accounts reflect correct balances.
• D)the mathematical equality of the accounting equation.

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Definitions:

Interchangeable Parts

Components that are, for practical purposes, identical. They are made to specifications that ensure they are so nearly identical that they will fit into any device of the same type.

Operations Management

The aspect of management dedicated to the design, administration, and supervision of the manufacturing process, along with the modification of business operations in the generation of products or services.

Nineteenth Century

The Nineteenth Century is the period from 1801 to 1900, characterized by significant industrial, cultural, and political changes worldwide.

Interchangeable Parts

Components designed to be exactly similar so they can be easily replaced or assembled without customization.