19,890 Rounded to the Nearest Hundred Is

question 125

Multiple Choice

19,890 rounded to the nearest hundred is:

• A)20,000
• B)19,000
• C)19,700
• D)19,900
• E)None of these

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Definitions:

Ledger Accounts

Records within accounting systems that collect data and transactions related to a specific asset, liability, equity, revenue, or expense.

Calendar Year-End

The end of the annual accounting period that coincides with the end of the calendar year, typically December 31.

Post-Closing Trial Balance

A financial statement listing all the accounts and their balances after closing entries are made, ensuring the accounts are ready for the next accounting period.

Adjusted Trial Balance

A report that lists all accounts and their balances after adjusting entries are made, ensuring that debits equal credits.