A Company's Ledger Is

question 44

Multiple Choice

A company's ledger is:

• A)A record containing increases and decreases in a specific asset,liability,equity,revenue,or expense item.
• B)A journal in which transactions are first recorded.
• C)A collection of documents that describe transactions and events entering the accounting process.
• D)A list of all accounts a company uses with an assigned identification number.
• E)A record containing all accounts and their balances used by the company.

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Definitions:

Disabilities

Physical or mental conditions that limit a person's movements, senses, or activities, affecting their day-to-day life and interaction with the environment.

Heterosexual

Describes a person who is sexually attracted to members of the opposite sex.

Lesbian

A woman who experiences romantic or sexual attraction exclusively to other women.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.