When the Sum of All Entries in the Subsidiary Ledger

question 87

Multiple Choice

When the sum of all entries in the subsidiary ledger equals the amount in the corresponding general ledger account,it is assumed that (select all that apply)

• A)the recording and posting processes are accurate.
• B)all of the transaction cycles have been completed.
• C)since the ledgers are in balance,adjusting entries are not required.
• D)no errors exist in the subsidiary ledger and corresponding general ledger account.

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Definitions:

Counter-Attitudinal Behavior

Acting in a way that contradicts one's personal beliefs or attitudes, often leading to cognitive dissonance.

Norm Misperception

The phenomenon where an individual's understanding of the typical behaviors or attitudes of a group is inaccurately perceived.

Peer Influence

The effect that the attitudes, values, and behaviors of peers have on an individual's own attitudes, values, and behaviors, playing a crucial role in personal development and decision-making.

Reactance Theory

A psychological principle suggesting that people have an aversive reaction to restrictions on their personal freedoms, leading them to resist or do the opposite.