A Large Block of Wood and a Smaller Block of Iron

question 44

Multiple Choice

A large block of wood and a smaller block of iron on weighing scales both register the same weight - 1 ton.Taking buoyancy of air into account,which has the greater mass?

• A)wood
• B)iron
• C)Both have the same mass.
• D)More information is needed.

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Definitions:

Ledger Entries

Records of financial transactions within a company’s general ledger, detailing accounts affected and the amounts for each transaction.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Adjusted Trial Balance

A list of all the accounts and their balances after adjusting entries are made, used for preparing financial statements.

Revenue Accounts

Accounts used in accounting to record the company's income from its operations or activities.