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.

Recognize how generational influences shape individual values.

Examine the impact of cultural differences in values and ethics on global business operations.

Understand the concept of values drift in the workplace and strategies to prevent it.

Understand and calculate key financial ratios, including inventory turnover, accounts receivable turnover, and dividend yield ratio.

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Definitions:

Base

A substance that can accept hydrogen ions (protons) or more generally, donate a pair of valence electrons in reactions.

Brønsted-Lowry

The Brønsted-Lowry theory defines acids as proton (H+) donors and bases as proton acceptors, emphasizing the role of proton transfer in acid-base reactions.

Hydrogen Ion

An atom of hydrogen that has lost its electron, resulting in a positively charged ion, H+.

Hydroxide Ion

A negatively charged ion made of oxygen and hydrogen (OH-), commonly found in bases.