The Explanation Column of the General Ledger

question 119

Multiple Choice

The explanation column of the general ledger

• A) is completed without exception.
• B) is nonexistent.
• C) is used infrequently.
• D) shows account titles.

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Definitions:

Business-To-Consumer (B2C)

A transaction model where businesses sell products or services directly to consumers, typically through retail or online platforms.

Supply Chain

A network of suppliers, manufacturers, and distributors involved in producing, delivering, and selling products.

Marketing Intermediary

refers to businesses or individuals that act as intermediaries within the distribution channel, facilitating the sale of products from producers to end consumers.

Raw Materials

Basic materials that are used in the production process to manufacture goods, often transformed or combined with other materials in the manufacturing process.