Which of the Following Statements Is False Concerning Use of Currency

question 153

Multiple Choice

Which of the following statements is false concerning use of currency signs?

• A)Currency signs do not appear in journals or ledgers.
• B)Currency signs are generally only shown for the first item in a column and for the column total.
• C)Currency signs are not typically used in the trial balance.
• D)All of the choices are correct regarding currency signs.

---

Definitions:

Complement

In set theory, referring to the set of all elements not in a particular set within a given universal set; in logic, it may refer to the negation of a concept or term.

Obverse

The opposite or counterpart of a given logical statement.

Proposition

A statement that expresses a concept that can either be true or false.

Converse

In logic, the condition obtained by swapping the hypothesis and conclusion of a conditional statement.