Quantitative Ability Refers to the Mathematical Capabilities of Number Facility

question 99

True/False

Quantitative ability refers to the mathematical capabilities of number facility and mathematical reasoning.

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Definitions:

Debits and Credits

The two sides of every financial transaction in accounting. Debits increase assets or expenses and decrease liabilities or equity, whereas credits do the opposite.

Account Titles

Names given to various accounts used in accounting to classify and organize financial transactions.

Trial Balance

A bookkeeping worksheet listing the balance of all ledgers for checking the balance of debits and credits, serving as a preliminary step to financial statements preparation.