What Is Created by Totaling Debit Balances and Credit Balances

question 15

Multiple Choice

What is created by totaling debit balances and credit balances to confirm that total debits equal total credits?

• A)Trial balance
• B)Balance sheet  
• C)Accounts payable
• D)Ledger statement

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Definitions:

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Federal law that ensures that when employees lose their jobs orhave their hours reduced to a level at which they would notbe eligible to receive medical, dental, or optical benefits fromtheir employer, the employees will be able to continue receiving benefits under the employer’s policy for up to 18 months by paying the premiums for the policy.

Medical Insurance Protection

Coverage provided by insurance policies to cover medical expenses incurred due to illness or injury.

Equal Employment Opportunity Commission

A federal agency that administers and enforces civil rights laws against workplace discrimination.

Computer Training

Education or instruction in the use and operation of computer hardware and software.