If Your Trial Balance Has a Smaller Debit Balance Than

question 90

Multiple Choice

If your trial balance has a smaller 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.

---

Definitions:

Equity

The principle of fairness and justice in the allocation of resources, opportunities, and treatment of individuals and groups, aiming to address systemic inequalities.

Merit

A quality of being particularly good or worthy, typically used to acknowledge or reward someone's achievement or quality.

Benevolence

The quality of being well-meaning; kindness or the desire to do good and act generously towards others.

Prosocial Behavior

Voluntary behavior intended to benefit another person, such as helping, sharing, or providing comfort.