A Place or Location Within an Accounting System in Which

question 108

Multiple Choice

A place or location within an accounting system in which the increases and decreases ina specific asset, liability, or equity item is recorded and stored is called a(n) :

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

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Definitions:

Words Per Second

A measure of the speed at which someone can speak or read, frequently used in the context of typing or reading speed.

Garden Path Sentence

A type of sentence that starts in such a way that a reader's most likely interpretation will be incorrect; the reader is led down the "garden path" and needs to reevaluate the sentence's structure to understand it correctly.

Misleading Structure

A type of information or sentence structure that leads to misunderstanding or incorrect interpretations.

Passive Sentence

A sentence structure where the object of an action becomes the subject of the sentence.