A Difference Between Samples That Is Shown to Be Statistically

question 11

Multiple Choice

A difference between samples that is shown to be statistically significant is always

• A)theoretically important.
• B)practically important.
• C)sociologically important.
• D)none of the above

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Definitions:

Post-Closing Trial Balance

A list of all accounts remaining after closing entries have been made, showing the balances ready for the next accounting period.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thus preparing the books for the next period.

Unadjusted Trial Balance

A preliminary list of all accounts and their balances before any adjusting entries are made, used to verify the equality of debits and credits.

Closing Entry

A closing entry is an accounting action that transfers the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts to zero for the start of the next accounting period.