The Explanation Column of the General Ledger

question 119

Multiple Choice

The explanation column of the general ledger

• A) is completed without exception.
• B) is nonexistent.
• C) is used infrequently.
• D) shows account titles.

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Definitions:

Domestic Corporations

Companies that are incorporated in, and operate primarily within, the country they are registered.

World's Economy

Describes the global network of economic activities, including production, consumption, and trade of goods and services across different countries.

U.S. Companies

Businesses that are incorporated, operate, or have their primary base of operations within the United States.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.