A Double Rule (Double Underline) Applied to Accounts in the Ledger

question 23

Multiple Choice

A double rule (double underline) applied to accounts in the ledger during the closing process implies that

• A)the account is a temporary account.
• B)the account is a balance sheet account.
• C)the account balance is not zero.
• D)a mistake has been made, since double ruling is prescribed.

---

Definitions:

Initial Allocation

The initial distribution of resources, goods, or assets among participants in an economy or market.

Inadvertent Breach

An unintentional failure to fulfill a contractual obligation or violation of a law, often due to oversight or misunderstanding.

Duty of Competence

The legal ethical requirement that lawyers maintain the knowledge, skill, and ability to provide competent representation to their clients.

Legal Profession

A field of occupation that includes lawyers, judges, paralegals, and other professionals who provide services related to the law.