If Your Trial Balance Has a Higher Debit Balance Than

question 129

Multiple Choice

If your trial balance has a higher debit balance than credit balance, it signifies:

• A) Assets are more than liabilities.
• B) A profit.
• C) A loss.
• D) An error has been made.

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Definitions:

Humus

The organic component of soil, formed by the decomposition of leaves and other plant material by soil microorganisms.

Leaching

The process where water carries soluble substances or small particles through the soil or other permeable material.

Dissolving

The process by which a solid, liquid, or gas forms a solution in a solvent, becoming evenly dispersed at the molecular or ionic level.

Upper Layers

Refers to the surface or higher levels of an object, area, or system.