In Transferring Information to the General Ledger, the Reference Column

question 51

Multiple Choice

In transferring information to the general ledger, the reference column in the ledger contains the ________.

• A) chronological order of the entry
• B) general journal page number
• C) account abbreviation
• D) general ledger page number

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Definitions:

Discount Broker

A broker who trades stocks, but does not give investment advice.

Net Proceeds

The total amount received from a sale or transaction after deducting all related expenses and costs.

1% Commission

A fee or charge for services, typically in sales or financial transactions, that is equal to 1% of the transaction's total value.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.