Match the Terms with the Definitions $T$ Account
J) Trial Balance

question 62

Multiple Choice

Match the terms with the definitions.

-The difference between the footings of an account.

• A) balance
• B) credit
• C) credit balance
• D) debit
• E) debit balance
• F) double-entry accounting
• G) footings
• H) normal balance
• I) \( T \) account
• J) trial balance

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Definitions:

Consequential Damages

Damages that can be claimed in a lawsuit which are not a direct result of the act but occur as a secondary consequence of the wrongful act.

Unconscionable

Describing terms or conditions that are excessively unfair or unjust, often to a degree that they are deemed unenforceable under law.

Cumulative Remedies

Legal provisions that allow a plaintiff to pursue multiple remedies or forms of relief in response to a single injury or breach of contract.

Withhold Delivery

An action by which a seller or supplier refrains from handing over or sending goods to the buyer, often due to a dispute or non-payment.