A Column in Journals and Ledger Accounts That Is Used

question 29

Multiple Choice

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

• A)Account balance column.
• B)Debit column.
• C)Posting reference column.
• D)Credit column.
• E)Description column.

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Definitions:

Treasury Bill

Government debts issued with a maturity of up to one year, offered at a price lower than their face value.

Fixed Dividend

A dividend that is set at a particular amount and does not vary, often found in preferred stocks.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.