An Organization's List of All Its Accounts and the Related

question 87

Multiple Choice

An organization's list of all its accounts and the related account numbers is called a:

• A) ledger
• B) chart of accounts
• C) trial balance
• D) journal

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Definitions:

Price

The amount of money expected, required, or given in payment for something, reflecting its value, cost of production, and market demand.

Produced

The act of creating, manufacturing, or bringing into existence goods and services.

Consumer Surplus

The disparity between what consumers are prepared and can afford to spend on a product or service compared to the actual amount they end up paying.

Tariff

A tax imposed on imported goods to protect domestic industries or to generate revenue.