The Balance Column in a Ledger Account Is

question 109

Multiple Choice

The balance column in a ledger account is:

• A)An account entered on the balance sheet.
• B)A column for showing the balance of the account after each entry is posted.
• C)Another name for the dividends account.
• D)An account used to record the transfers of assets from a business to its owner(s).
• E)A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.

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Definitions:

Broad-Minded

Having or showing openness and willingness to consider different ideas, perspectives, and cultures, often involving tolerance and avoidance of narrow-minded judgments.

Low-Mach Personality

A term used to describe individuals who are not manipulative, tend to be honest and humble, and focus on maintaining personal relationships.

High-Mach Personality

A trait characterized by manipulativeness, callousness, and a strategic approach to interpersonal relationships, often exploring Machiavellianism principles.

External Locus Of Control

The belief or perception that one's success or failure is determined by external forces or events, rather than one's own efforts or abilities.