Asked by Dathan Trejo on Jun 16, 2024
Verified
An indication that the end-of-period spreadsheet columns are in balance and the spreadsheet is complete is
A) the word "Total" written at the bottom of each pair of columns
B) the double rule under each pair of columns
C) the circles around each total
D) the final figures written in ink
Double Rule
A method used in accounting to draw attention to totals or end of reports by placing two lines beneath them for emphasis.
Total
The aggregate amount or sum of individual items or elements in a set or group.
- Acquire knowledge of the objectives and parts of the end-of-period spreadsheet during the accounting cycle.
Verified Answer
AD
Amber Decker-BrooksJun 22, 2024
Final Answer :
B
Explanation :
The double rule under each pair of columns indicates that the spreadsheet is complete because it shows that the totals have been calculated and verified. The other options may be present but do not necessarily indicate that the spreadsheet is in balance or complete.
Learning Objectives
- Acquire knowledge of the objectives and parts of the end-of-period spreadsheet during the accounting cycle.