What Relationship Exists Between the General Journal and the General

question 85

Multiple Choice

What relationship exists between the general journal and the general ledger?

• A)The general ledger accounts contain the same information as in the general journal, just in a different format.
• B)The balances in the general ledger will always equal those in the general journal.
• C)After all postings from the general journal are complete, the debit balances in the general ledger will rarely equal the credit balances.
• D)The number of accounts in the general journal will always be larger than the number of accounts in the general ledger.

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Definitions:

Inferential Statistic

A branch of statistics that allows for making predictions or inferences about a population based on a sample.

Tests Of Significance

Statistical tests used to determine whether the results of a study are likely to be due to chance or represent genuine effects.

Arithmetic Mean

The sum of a set of numbers divided by the count of numbers in the set, commonly known as the average.

Effect Size

An objective, standardized way of describing the strength of the independent variable’s influence on the dependent variable.