What Type of Evidence Forms a Substantive Part of the Case

question 15

Multiple Choice

What type of evidence forms a substantive part of the case or has a legitimate and effective influence on the decision of the case?

• A)circumstantial
• B)material
• C)exculpatory
• D)in flagrante delicto

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Definitions:

Adjusted Trial Balance

An adjusted trial balance is a list of all account titles and balances after adjustments have been made for accruals, deferrals, and other adjustments, ensuring the accounts are balanced before preparing financial statements.

Total Liabilities

The sum of all financial obligations a company owes to external parties, including loans, accounts payable, and mortgages.

Closing Process

The closing process in accounting involves summarizing all revenues and expenses for the period and transferring the balances to the owner's equity account to prepare for the next accounting period.

Temporary Accounts

These are accounts that are closed at the end of each accounting period, including revenues, expenses, dividends, and income summary accounts, to prepare the company for a new accounting period.