If the Total Debits Exceed Total Credits in the Statement

question 72

Multiple Choice

If the total debits exceed total credits in the statement of financial position columns of the worksheet, equity

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

---

Definitions:

Ancestral Clan

A social group defined by common ancestry, often characterized by shared cultural or religious practices and a recognized common heritage.

Navajo Indians

A Native American people of the Southwestern United States, recognized for their craftsmanship, particularly in weaving, and their significant culture and history.

Biologically Inherited

Traits or characteristics that are passed from parents to offspring through genes, including physical attributes and susceptibility to certain diseases.

Culturally Constructed

A concept or practice that is created and maintained within a culture, reflecting the values, norms, and beliefs of that culture.