What Relationship Exists Between the General Journal and the General

question 128

Multiple Choice

What relationship exists between the general journal and the general ledger?

• A) The general ledger accounts contain the same information as those in the general journal, but it is just in a different format.
• B) The balances in the general ledger will always equal those in the general journal.
• C) After all postings from the general journal are complete, the debit balances in the general ledger will rarely equal the credit balances.
• D) The number of accounts in the general journal will always be larger than the number of accounts in the general ledger.

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Definitions:

Tristearin

A triglyceride derived from stearic acid, commonly found in animal and vegetable fats, used in the production of soaps and cosmetics.

B-carotene

A highly pigmented orange compound that is a precursor to vitamin A, found in various fruits and vegetables and used as a dietary supplement.

Phosphatidic Acid

A phospholipid that acts as a key intermediate in the biosynthesis of many other lipids.

Prostaglandin

A group of physiologically active lipid compounds having diverse hormone-like effects in animals.