According to the Study by Lloyd Johnston and His Colleagues

question 119

Multiple Choice

According to the study by Lloyd Johnston and his colleagues at the Institute of Social Research at the University of Michigan monitoring the drug use of America's high school seniors in a wide range of public and private high schools, the percentage of illicit drug use:

• A) has declined since the late 1990s.
• B) has increased since the late 1990s.
• C) has been at the same level since the late 1990s.
• D) has declined since the late 1990s but started to increase again in the last two years.

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Definitions:

Post. Ref.

A reference column in a journal entry that indicates the ledger account number where the entry appears, aiding in the tracking of transactions.

Posting Process

The act of transferring entries from the journal to the ledger accounts in bookkeeping.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which are then summarized in the general ledger.

Control Account

An account in the general ledger that summarizes the balances of a group of related accounts to keep the general ledger streamlined and manageable.