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The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a

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Q: Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?
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The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called?

The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called the balance sheet.


What is Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?

The dollar amounts of debits equals the dollar amount of credits in the ledger of a balance sheet. When these two values are equal, the budget is balanced.


What if Trial balance debits and credit equals?

If you do a Trial Balance and your Credits Equal your Debits, then more than likely your books are correct.In double entry accounting the debits and credits must balance or be equal.


One inch of 100.00 dollar bill is equals what amount of cash?

$23,200.


Should the account on each side of the cash book equal?

In double-entry accounting, debits and credits must equal. For every action there is an equal and opposite reaction. If you debit cash for $500 you must have some form of credit that also equals $500.


What is the greatest amount of coins you can have and still not have any combination of coins that equals a dollar?

You can have 99 pennies.


What are the rules on debit and credit?

In Double Entry Accounting the basic Rule is..Debits and Credits must Equal.As the saying goes, for every action there is an equal and opposite reaction. If you have a debit that equals $1500 you must also have a credit (or credits) that equal the same amount.In double entry accounting the terms literally meanDebit-Left side (or column)Credit- Right side (or column)


How many dollars in 200 pennies?

One hundred pennies equals ____ dollar(s). Two hundred pennies equals ____ dollar(s). Fifty pennies equals ____ dollar(s). Ten pennies equals ____ dollar(s). One penny equals ____ dollar(s).


What is true about loan terms?

A longer term equals a lower monthly payment and a higher dollar amount of interest paid.


1 dollar equals cents?

One dollar equals 100 cents.


Most amount of coins you can have and still not make change for a dollar?

One half dollar, one quarter, four dimes and four pennies. It equals $1.19. You can not make change for exactly one dollar with those coins


Which of these statements about loan terms is true?

A longer term equals a lower monthly payment and a higher dollar amount of interest paid.