After Transaction Information Has Been Recorded in the Journal It

question 11

Multiple Choice

After transaction information has been recorded in the journal it is transferred to the

• A) trial balance.
• B) income statement.
• C) book of original entry.
• D) ledger.

---

Definitions:

Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues over a specified period.

Trade Balance

The gap between a nation's foreign sales and purchases, encompassing both goods and services.

Net Capital Outflow

The difference between a country's total exports of capital and total imports of capital during a specific time period.

Net Exports

The value of a country's total exports minus the value of its total imports.