Which of the Following Should Not Be Considered When Comparing

question 39

Multiple Choice

Which of the following should not be considered when comparing the Adjusted Trial Balance to the Post-Closing Trial Balance to ensure that no errors were made in the closing process?

• A) Account balances above Owner, Capital are the same on the Adjusted Trial Balance and the Post-Closing Trial Balance.
• B) The account balances on each of the trial balances are the same.
• C) Account balances below Owner, Capital are zero on the Post-Closing Trial Balance but not the Adjusted Trial Balance.
• D) The Owner, Capital account balance on the post-closing trial balance matches the Owner, Capital account balance on the balance sheet.

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Definitions:

Total Product

The overall quantity of output that a firm produces, usually in a given period of time, measured in terms of units.

Average Product

The output per unit of input, calculated by dividing the total product by the quantity of input.

Average Product

The output per unit of input, calculated by dividing total output by the total number of units of input.

Production Possibilities

Different combinations of two or more goods and services that can be produced in a given time period, given a certain amount of resources and technology.