A Balance Column Account Is

question 88

Multiple Choice

A balance column account is:

• A)An account entered on the balance sheet.
• B)An account with debit and credit columns for posting entries and another column for showing the balance of the account after each entry is posted.
• C)An alternate name for the retained earnings account.
• D)An account used to record the transfers of assets from a business to its stockholders.
• 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:

Expected Revenue

The anticipated amount of money a company expects to receive from its activities over a period, based on forecasted sales volumes and selling prices.

Thought-Activated

Technology or systems that are controlled by the user's thoughts or brain signals, often used in assistive devices and interfaces.

Expected Revenue

The projected amount of money a company anticipates generating from the sales of goods or services over a certain period.

Charge

The amount of money that is asked in exchange for goods or services.