In the First Month of Operations, the Total of the Debit

question 45

Multiple Choice

In the first month of operations, the total of the debit entries to the cash account amounted to $1,900 and the total of the credit entries to the cash account amounted to $1,500.Therefore, at the end of the month, the cash account has a

• A)$500 credit balance.
• B)$900 debit balance.
• C)$400 debit balance.
• D)$400 credit balance.

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Definitions:

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A principle that applies universally and is accepted as governing all actions and consequences in the moral, legal, or physical realm.

Kantian Perspective

An ethical framework based on the philosophy of Immanuel Kant, emphasizing duty, rationality, and the categorical imperative to act in ways that could be universally applied.

Universal Law

A principle or rule that is thought to be applicable everywhere and in every situation, often within a philosophical or moral context rather than a legal one.

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