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what is the ending balance 1) One of the following statements does not help to explain the design of a T account A) The account

what is the ending balance

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1) One of the following statements does not help to explain the design of a T account A) The account has a balance. BJ The account has a left side. () The account has a right side. DJ The account has a title. 2) Which of these statements about T accounts is FALSE? A) They are used mainly in classroom demonstrations B) They have both a left side and a right side. C) They are used extensively in computer accounting DJ Each account has a normal balance which is either a debit or a credit. 3) An account had a starting debit balance of $350. There were debit postings of $400 and credit postings of $200 during the month. The ending balance is A) $550 debit B) $450 credit C) $950 debit. D) $200 debit. 4) With respect to the balancing of an account, which one of these statements is FALSE? A) If the total on the credit side was the larger, the balance is a credit. B) Dollar signs are always used to designate a balance amount. C) Footings of each side of the account are needed to determine the balance. D) If the total on the debit side was the larger, the balance is a debit 5) Accounts Receivable had a normal starting balance of $1000. There were debit postings of $800 and credit postings of $400 during the month. The ending balance is A) 5600 credit B) $1,400 debit. C) 52,200 debit D) $1,400 credit

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