A Record of Increases and Decreases in Specific Asset, Liability

question 21

Multiple Choice

A record of increases and decreases in specific asset, liability, and stockholders' equity items is called a

• A)compound entry.
• B)general journal.
• C)general ledger.
• D)chart of accounts.

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Definitions:

Line Chart

A line chart is a graphical representation that displays information as a series of data points called 'markers' connected by straight line segments, often used to visualize trends over time.

Line Chart

A type of chart used to visualize data points connected by straight line segments, often used to display trends over time.

Variable

A variable is an element, feature, or factor that is likely to vary or change; it is a basic unit of data in statistical analysis.

Aldaric Acid

A type of dicarboxylic sugar acid obtained by oxidizing both the aldehyde and primary alcohol groups of an aldose sugar.