The Ledger Is

question 119

Multiple Choice

The ledger is:

• A) a group of accounts that records results from business transactions.
• B) a tool used to ensure that all accounts have normal balances.
• C) a chronological record of the day's transactions.
• D) a tool used to ensure that debits equal credits.

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Definitions:

Cultural Competency

The ability to understand, appreciate, and interact effectively with people from cultures or belief systems different from one’s own.

Personal Biases

Individual prejudices or preferences that influence one's judgment or decision-making process.

Tolerance

The willingness to accept feelings, habits, or beliefs that are different from one's own.

Individualism

A theory promoting individual liberty over governmental or group restrictions.