Each General Ledger Account Used in the Purchases Journal Requires

question 1

True/False

Each general ledger account used in the purchases journal requires only one posting for each accounting period.

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Definitions:

Chloroplasts

Membranous organelles that are the sites of photosynthesis in eukaryotes; occur in some plant and algal cells.

Vacuole

(vacuole) A fluid-filled, membrane-enclosed sac found within the cytoplasm; may function in storage, digestion, or water elimination.

Apoptosis

Programmed cell death; apoptosis is a normal part of an organism’s development and maintenance. Compare with necrosis.

Organelles

Specialized structures within cells that perform distinct processes necessary for cellular function and survival.