If the Total Debits Exceed Total Credits in the Balance

question 141

Multiple Choice

If the total debits exceed total credits in the balance sheet columns of the work sheet, owner's equity

• A) will increase because profit has occurred.
• B) will decrease because a loss has occurred.
• C) is in error because a mistake has occurred.
• D) will not be affected.

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Definitions:

Circadian Rhythm

An internal biological clock regulating the sleep-wake cycle and other physiological processes in a roughly 24-hour cycle.

Weekends

The part of the week traditionally reserved for rest and leisure activities, in many cultures spanning Saturday and Sunday.

Staying Up

The act of remaining awake, especially longer than usual or during the night.

Dual Processing

The theory that the brain operates using two types of processing, automatic and controlled, both of which are important for cognition and behavior.