Step 1: Understanding the Question:
The problem requires identifying the true chemical composition that makes up industrial "water gas" from the given chemical combinations.
Step 2: Detailed Explanation:
Water gas is an important industrial fuel gas mixture. It is synthesized commercially by passing superheated steam ($\mathrm{H_2O}$) over a red-hot carbonaceous bed of coke or coal at high temperatures ($\sim 1270\ \mathrm{K}$):
$$\mathrm{C}(s) + \mathrm{H_2O}(g) \xrightarrow{\Delta} \mathrm{CO}(g) + \mathrm{H_2}(g)$$
The resulting equimolar gaseous output consists strictly of carbon monoxide ($\mathrm{CO}$) and hydrogen gas ($\mathrm{H_2}$).
Because this mixture is extensively utilized in the industrial synthesis of methanol and several organic hydrocarbons, it is also widely referred to as synthesis gas or "syn-gas".
Step 3: Final Answer:
The correct chemical composition of water gas is $\mathrm{CO}(g) + \mathrm{H_2}(g)$, which corresponds perfectly to option (D).