The Balance of a Liability Account Is Extended to the Balance

question 47

True/False

The balance of a liability account is extended to the Balance Sheet Credit column of the worksheet.

---

Definitions:

RSLogix

A programming software used for configuring and programming automation controllers, particularly those from Rockwell Automation's Allen-Bradley line.

Hardwired MCRs

Master Control Relays that are directly wired and function to control the operation of circuit blocks within a hardwired control system.

I/O Rack

The physical framework in a control system that holds input/output modules, interfacing the processors with field devices.

Allen-Bradley Controllers

Industrial control systems and PLCs manufactured by Rockwell Automation, known for their reliability and extensive use in various industries.