Balancing the Ledgers Refers to Establishing Equality in All of the Following

question 80

Multiple Choice

Balancing the ledgers refers to establishing equality in all of the following except:

• A)total debits and total credits in the general ledger.
• B)Balance of A/R control account and A/R subsidiary ledger.
• C)Balance of sales account in the general ledger and A/R subsidiary ledger.
• D)Balance of A/P control account and A/P subsidiary ledger.

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Definitions:

Blinding

A method used in research and experiments to prevent participants, and sometimes the researchers too, from knowing certain information that may lead to bias.

Lurking Variable

A variable that is not directly measured or controlled in a study but can affect the variables of interest, potentially leading to misleading conclusions.

Block Design

An experimental design in which the experimental subjects are divided into blocks before being randomly assigned to treatments, to reduce the effects of variability among them.

Shark Fin Extract

A substance obtained from the fins of sharks, often used in traditional medicine or as a culinary delicacy.