A Business's Record of the Increases and Decreases in a Specific

question 121

Multiple Choice

A business's record of the increases and decreases in a specific asset,liability,equity,revenue,or expense is known as a(n) :

• A)Journal.
• B)Posting.
• C)Trial balance.
• D)Account.
• E)Chart of accounts.

---

Definitions:

Nominal Risk-Free

The rate of return on an investment with no risk of financial loss, not adjusted for inflation.

Export Development Canada

A Canadian government agency that provides financing, insurance, and bonding services to Canadian exporters and investors.

Canadian Exports

Goods or services sold by Canada to other countries.

Federal Crown Corporation

A type of corporation in Canada that is federally chartered and owned by the government to conduct various commercial activities and services.