The Item Column in the General Ledger Is Used to Describe

question 86

Multiple Choice

The Item column in the general ledger is used to describe special entries not including the following entries?

• A) Adjusting entries
• B) Reversing entries
• C) Correcting entries
• D) Forwarding entries

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Definitions:

Logical

Pertaining to clear, structured, and rational thinking or reasoning.

Regulatory Agencies

Government bodies responsible for enforcing laws and regulations to protect public interests in sectors such as healthcare, finance, and the environment.

External

Originating from or existing outside the entity or subject under consideration, often influencing it from the outside.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures.