What is the addition of totals of several columns of figures known as in bookkeeping? Select the single best answer: A. auditing B. subjugation C. debiting D. cross-footing Which of the following best explains the reason that accounts receivable are posted as assets? Select the single best answer: A. accounts receivable represent disbursements for goods and services B. accounts receivable are monies owed C. accounts receivable are overdue accounts D. accounts receivable are amounts due to the entity What is a credit balance in the accounts payable account? Select the single best answer: A. a current liability B. an amount due from a vendor C. an income D. an asset