Proof That the Dollar Amount of the Debits Equals the Dollar

question 231

Multiple Choice

Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means

• A) all of the information from the journal was correctly transferred to the ledger
• B) all accounts have their correct balances in the ledger
• C) only the journal is accurate; the ledger may be incorrect
• D) only that the debit dollar amounts equal the credit dollar amounts

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Definitions:

Court Reporter

An expert tasked with producing precise word-for-word records of court trials, legal proceedings, and various legal events.

Federal Court Appeal

The process of requesting a higher court to review and change the outcome of a decision made by a lower federal court.

State Trial Court

The first level of court in a state’s judicial system where civil and criminal cases are initially tried and decided.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, resulting in harm or damage.