As the Workforce of the U

question 71

Multiple Choice

As the workforce of the U.S. ages, a greater percentage of workers will have to concern themselves with

• A) finding care for their children.
• B) caring for older relatives.
• C) the educational benefits of downsizing.
• D) transportation issues.

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Definitions:

Control Account

An account in the general ledger that summarizes and checks the accuracy of individual records in subsidiary ledgers.

General Ledger

A comprehensive set of accounts that records all transactions of a business, providing the foundation for financial statements.

General Ledger

The main accounting record of a company which uses double-entry bookkeeping, consisting of all balance sheet and income statement accounts.

Sales Journal

A specific type of journal used to record the sales of goods or services on credit.