Assume That Data from the Purchases Transaction File Have Been

question 8

Multiple Choice

Assume that data from the purchases transaction file have been transferred to the general journal transaction file. The general journal transaction file has been used to update the general ledger master file. What is the result if a trial balance is prepared at this time?

• A) Inventory shows an increase, and accounts payable shows a decrease
• B) Inventory shows a decrease, and accounts payable shows an increase
• C) Inventory shows an increase, and accounts payable shows an increase
• D) Inventory shows no change, and accounts payable shows no change

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Definitions:

Experimental Study

A study method in which variables are controlled and manipulated to establish cause-and-effect relationships between them.

Quantitative Change

Quantitative change refers to changes in amount or quantity, often measurable, such as height, weight, or volume, as opposed to qualitative changes which involve the nature or type of something.

Centration

A cognitive inability in early childhood to focus on more than one aspect of a situation simultaneously.

Nature Versus Nurture

A theoretical debate concerning whether human behavior is determined more by genetic or hereditary factors (nature) or by environment and learning (nurture).