A Formal Account That Has Columns for Date, Explanation, Posting

question 48

Multiple Choice

A formal account that has columns for date, explanation, posting reference, debit, and credit is called the:

• A) T account.
• B) standard account form.
• C) ledger.
• D) chart of accounts.

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Definitions:

Product Attributes

Features, functions, benefits, and qualities that define a product and contribute to its appeal among consumers.

Business Products

Goods and services that are purchased by organizations for use in their operations, production, or to be resold to other customers.

Consumer Products

Items produced for personal use by the general public.

Commercialization

The process of introducing a new product or production method into the market, turning inventions into commercial products.