Use the Method of Hamilton to Round Each of the Numbers

question 77

Multiple Choice

Use the method of Hamilton to round each of the numbers in the sum 0.85 + 0.8 +2.16 + 5.52 + 0.67 = 10 to a whole number, preserving the total of 10.

• A) 1 + 1 + 2 + 6 + 0 = 10
• B) 0 + 1 + 2 + 6 + 1 = 10
• C) 0 + 1 + 3 + 5 + 1 = 10
• D) 1 + 1 + 2 + 5 + 1 = 10

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Definitions:

Post-Closing Trial Balance

A financial statement listing all the accounts and their balances after closing entries are made, ensuring the accounts are ready for the next accounting period.

Adjusted Trial Balance

A report that lists all accounts and their balances after adjusting entries are made, ensuring that debits equal credits.

Closing Entries

The journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Adjusting Entries

Accounting entries recorded at the conclusion of a financial period to properly assign income and expenses to the period they truly relate to.