A Ledger Is a Type of Account

question 6

True/False

A ledger is a type of account.

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Definitions:

Solve

The process of finding an answer or explanation for a problem or question.

Drapery Store

A retail establishment that specializes in selling cloth and other materials for windows and home decoration.

Gold Fabric

A material made using gold threads, often used in luxury textiles or high-end fashion.

Markup

The difference between the selling price and the unit cost of an item of merchandise. (Also called gross profit.)