Which of the Following Is TRUE of a Completed Worksheet

question 134

Multiple Choice

Which of the following is TRUE of a completed worksheet?

• A) The total debits in the trial balance column equal the total debits in the adjusted trial balance column.
• B) The total debits in the income statement column equal the dividends paid.
• C) The total debits in the income statement column equal the total debits in the balance sheet column.
• D) The total debits equal the total credits in each column.

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Definitions:

Post. Ref.

A reference column in a journal entry that indicates the ledger account number where the entry appears, aiding in the tracking of transactions.

Posting Process

The act of transferring entries from the journal to the ledger accounts in bookkeeping.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which are then summarized in the general ledger.

Control Account

An account in the general ledger that summarizes the balances of a group of related accounts to keep the general ledger streamlined and manageable.