A Report That Lists Accounts and Their Balances, in Which

question 88

Multiple Choice

A report that lists accounts and their balances, in which the total debit balances should equal the total credit balances, is called a(n) :

• A) Account balance.
• B) Trial balance.
• C) Ledger.
• D) Chart of accounts.
• E) General Journal.

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Definitions:

Clerical Model

Involves administrative tasks such as typing, filing, and handling telephone inquiries, often following a set routine or procedure.

Human Resource Model

A framework for managing the workforce of an organization, focusing on policies, systems, and practices for maximizing employee performance and satisfaction.

Chief Executive Officers

The highest-ranking executives in a company, responsible for making major corporate decisions, overseeing the overall operations and resources, and acting as the main point of communication between the board of directors and corporate operations.

Human Resource Departments

Divisions within organizations responsible for managing employee-related processes like hiring, training, benefits, and compliance.