On a SPC chart, if a data point falls outside the control limits, the process is said to be what?

The final step in the accounting cycle is the preparation of a post-closing trial balance

Indicate whether the statement is true or false.

All of the following statements are true of double-entry accounting except:

A. There is a need for both debit and credit entries for each and every transaction. B. Double-entry accounting can only be used with computer-based accounting systems. C. The total dollar amount of debit entries posted to the general ledger is equal to the dollar amount of the credit entries. D. Double-entry accounting allows us to measure net income at the same time we record the effect of transactions on the balance sheet accounts.