An Accounting Record of the Balances of All Assets, Liabilities

question 122

Multiple Choice

An accounting record of the balances of all assets, liabilities, and equity accounts is called

• A) compound entry.
• B) general journal.
• C) general ledger.
• D) chart of accounts.

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Definitions:

Attract Customers

Strategies or practices aimed at drawing in potential clients or customers to a business or product.

Lowest Price

The smallest amount of money that can be paid for a product or service in the market.

Market Capitalization

The total value of a company's outstanding shares of stock, calculated by multiplying the current stock price by the total number of shares.

Outstanding

Exceptionally good or conspicuously notable above others.