A Place or Location Within an Accounting System in Which

question 100

Multiple Choice

A place or location within an accounting system in which the increases and decreases in a specific asset, liability, or equity item is recorded and stored is called a(n)

• A) journal
• B) ledge
• C) trial balance
• D) account
• E) chart of accounts

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Definitions:

Concert Staging Co.

Concert Staging Co. would imply a company that specializes in providing the physical setup, including stages, lighting, and sound equipment, for concert performances.

Ostrich Leathers

High-quality and durable leather made from the skin of ostriches, used in luxury fashion products.

Derived Demand

The demand for a product or service that results from the demand for another product or service.

SCOT

An acronym for Social Construction of Technology, a theory that examines how social, political, and economic factors shape technological innovation and development.