What Type of Line Under a Value Indicates Grand Totals

question 12

Multiple Choice

What type of line under a value indicates grand totals?

• A) A bold line of any color.
• B) A thick red line.
• C) A thick blue line.
• D) Double lines.

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Definitions:

Direct Write-Off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed non-recoverable.

Straight-Line Depreciation

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting wear and tear, obsolescence, or aging.

Inventory

The raw materials, work-in-progress products, and finished goods considered to be the portion of a business's assets that are ready or will be ready for sale.