A Balance Column Ledger Account Is

question 69

Multiple Choice

A balance column ledger account is

• A)An account entered on the balance sheet.
• B)Another name for the withdrawals account.
• C)An account used to record the transfers of assets from a business to its owner.
• D)A simple form of account that is widely used in accounting education to illustrate the debits and credits required in recording a transaction.
• E)An account with debit and credit columns for recording entries and a third column for showing the balance of the account after each entry is posted.

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