To Be Sure That Total Debits and Credits in a Columnar

question 9

Multiple Choice

To be sure that total debits and credits in a columnar journal are equal, before posting we should:

• A) Crossfoot.
• B) Foot.
• C) Journalize.
• D) Post.
• E) Reconcile.

---

Definitions:

Interest Rate

The remuneration, depicted as a fraction of the principal, that a lender exacts from a borrower for asset utilization.

Income Effect

A change in the consumption patterns of individuals or economies due to a change in real income or purchasing power.

Labor-Supply Curve

A graphical representation showing the relationship between the quantity of labor supplied by workers and the wage rate.

Income Effect

How an alteration in income levels for a person or economy affects the demand for a particular good or service.