Examlex

Solved

Which of the Following Helps Increase the Assets or Decrease

question 20

Multiple Choice

Which of the following helps increase the assets or decrease the liabilities of a company?


Definitions:

Segment Data

Financial information broken down into smaller units, such as product lines or geographical markets, within an organization.

Subsidiary Ledger

A subsidiary ledger is a detailed ledger that contains account information related to a specific subsidiary account, which is then summarized in a general ledger.

General Ledger

A full archive of all monetary dealings across the duration of a company's history.

Posting References

Codes or numbers in accounting that link journal entries to specific accounts in the ledger, aiding in traceability and audit trails.

Related Questions