The Name Loess Means

question 5

Multiple Choice

The name loess means:

• A) lost soil.
• B) wind-deposited soil.
• C) wind-dried soil.
• D) stolen soil.

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Definitions:

Primary Ledger

The main accounting record of a company that uses double-entry bookkeeping, which contains all the financial transactions.

General Ledger

A complete record of all financial transactions over the life of a company, organized by accounts.

Income Statement

A financial statement that summarizes revenues, expenses, and profits or losses of a business for a specific period.