Which of the Following Is True of a Completed Worksheet

question 107

Multiple Choice

Which of the following is true of a completed worksheet?

• A)The total debits in the unadjusted trial balance column equal the total debits in the adjusted trial balance column.
• B)The total debits in the income statement column equal the total credits in the balance sheet column.
• C)The total debits in the income statement column equal the total debits in the balance sheet column.
• D)The total of all the debit columns is equal to the total of all the credit columns.

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Definitions:

Individuals

Single human beings, considered separately from society or as distinct entities with personal interests and responsibilities.

Fallacy of Composition

The error of assuming that what is true of a part is necessarily true of the whole.

Prosperity

A state of economic well-being characterized by high levels of income, employment, and production.

Depression

A severe and prolonged reduction in economic activity as occurred during the 1930s