A Company's Ledger Is

question 44

Multiple Choice

A company's ledger is:

• A)A record containing increases and decreases in a specific asset,liability,equity,revenue,or expense item.
• B)A journal in which transactions are first recorded.
• C)A collection of documents that describe transactions and events entering the accounting process.
• D)A list of all accounts a company uses with an assigned identification number.
• E)A record containing all accounts and their balances used by the company.

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Definitions:

Large Numbers

Numerical values that are significantly larger than those ordinarily used in everyday life, often involved in scientific, mathematical, or statistical contexts.

Uncultivated Fruit

Fruits that grow in the wild without human intervention for agricultural purposes.

Skins

The outer protective layer of the bodies of animals or humans, often referred to as the largest organ of the body.

Fiber

General term for indigestible plant material, typically complex carbohydrates such as cellulose.