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:

Demand

The willingness and ability of consumers to purchase goods or services at a given price.

Price

The total money amount demanded for the purchase of a service or good.

Product

An item offered for sale which can be a good, a service, or an idea.

Supply

The total quantity of a good or service that is available for purchase at various price levels in a given market.