After Journal Entries Are Posted the Reference Column

question 130

Multiple Choice

After journal entries are posted the reference column

• A) of the general journal will be blank.
• B) of the general ledger will show journal page numbers.
• C) of the general journal will show "Dr" or "Cr".
• D) of the general ledger will show account numbers.

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Definitions:

Straight-Line Depreciation

A technique that disperses the expense of a physical asset evenly across its operational lifespan in yearly increments.

Depreciable Equipment

Tangible assets used in operations that lose value over time due to usage, wear and tear, or obsolescence, and thus can be depreciated for accounting and tax purposes.

Net Cash Flows

The difference between cash inflows and outflows in a given period, reflecting the company's overall liquidity position.

Internal Rate of Return

The discount rate at which the net present value of an investment's cash flows equals zero.