If the Debit and Credit Column Totals of a Trial

question 191

Multiple Choice

If the Debit and Credit column totals of a trial balance are equal, then:

• A) All transactions have been recorded correctly.
• B) All entries from the journal have been posted to the ledger correctly.
• C) All ledger account balances are correct.
• D) The total debit entries and total credit entries are equal.
• E) The balance sheet would be correct.

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Definitions:

Building Capacity

The process of developing an organization's skills, resources, and abilities to perform effectively and to ensure its sustainability and growth over time.

Mission Statement

A concise explanation of an organization's purpose, outlining its aims, values, and direction.

Strategic Management

The field of management that involves setting objectives, analyzing the competitive environment, assessing internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.

Strategies

Plans of action designed to achieve a long-term or overall aim.