A List of the Accounts and Their Balances at the End

question 120

Multiple Choice

A list of the accounts and their balances at the end of the period,after journalizing and posting the closing entries,is called ________.

• A) chart of accounts
• B) adjusted trial balance
• C) post-closing trial balance
• D) pre-closing balance sheet

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Definitions:

Tips

Voluntary payments given for services rendered, often in the hospitality industry, or advice and suggestions offered to help or inform.

Skewed Distribution

A representation of data that is not symmetric and where one tail of the distribution is longer or fatter than the other.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Dinner Cost

The total expense associated with a evening meal, including food, beverages, taxes, and tips.