Once in a While,a Transaction Leaves an Account with a Balance

question 81

True/False

Once in a while,a transaction leaves an account with a balance that isn't "normal." When this occurs,the "abnormal" balance should be corrected to the "normal" balance before copying the balance into the trial balance.

---

Definitions:

Corporate Capital Structure

Refers to the mix of different types of securities issued by a corporation to finance its operations, typically involving a combination of debt and equity.

Simple

Easily understood or done; presenting no difficulty, often referred to in the context of simple interest or simple calculations.

Complex

Involving many different and connected parts, often used to describe problems or systems that are difficult to solve or understand.

Basic Earnings

Basic earnings typically refer to the net income divided by the number of outstanding shares, showing how much profit a company has generated per share.