Which of the Following Is/are True Regarding T-Accounts

question 115

Multiple Choice

Which of the following is/are true regarding T-accounts?

• A)for each transaction, the amount entered on the left side of (or debited to) the accounts for each transaction equals the amount entered on the right side of (or credited to) the accounts.
• B)recording equal amounts of debits and credits for each transaction ensures that the balance sheet equation will always balance.
• C)one side of the space formed by the vertical line records increases in the item and the other side records decreases.
• D)all of the above
• E)none of the above

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Definitions:

External

Factors, influences, or conditions that exist outside an organization which can impact its operations and strategies.

Personal Predispositions

Innate tendencies, characteristics, or inclinations that influence an individual's behavior or attitudes.

Affective Events Theory

A theory that proposes that workplace events cause emotional reactions on the part of employees, which then influence workplace attitudes and behaviors.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.