A Company's List of Accounts and the Identification Numbers Assigned

question 103

Multiple Choice

A company's list of accounts and the identification numbers assigned to each account is called a:

• A)Source document.
• B)Journal.
• C)Trial balance.
• D)Chart of accounts.
• E)General Journal.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.

Upsloping

A description for a curve or a line on a graph that shows a positive relationship between two variables, indicating that as one variable increases, the other also increases.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Price

is the amount of money expected, required, or given in payment for something, reflecting the value that must be exchanged to obtain a good or service.