A ____ Is the Total of Only Specific Parts of the Data

question 290

Multiple Choice

A ____ is the total of only specific parts of the data.

• A) row total
• B) grand total
• C) subtotal
• D) pre-total

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Definitions:

Operating Cycle

The time it takes for a business to purchase or produce inventory, sell the product, and collect cash from the sale.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries have been made, used to check the equality of debits and credits and prepare for the next accounting period.

Owner's Equity Statement Accounts

Reports detailing changes in the owner's equity account for a period, showing contributions, withdrawals, and the period's profit or loss.

Balance Sheet Accounts

Balance Sheet Accounts are the accounts that reflect the assets, liabilities, and equity of a company as recorded on the balance sheet, giving a snapshot of financial health at a specific point in time.