A Business's Record of the Increases and Decreases in a Specific

question 121

Multiple Choice

A business's record of the increases and decreases in a specific asset,liability,equity,revenue,or expense is known as a(n) :

• A)Journal.
• B)Posting.
• C)Trial balance.
• D)Account.
• E)Chart of accounts.

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Definitions:

Population

Refers to the total set of observations that can be made in any given survey or experimental study.

Sample

A group within a larger population chosen for the purpose of conducting measurements, observations, or inquiries to gather data about the entire population.

Experiment

A procedure undertaken to support, refute, or validate a hypothesis, typically involving the manipulation of variables to observe the effect on some behavior or condition.

Outcomes

The possible results that may occur as a result of an experiment or event.