The General Ledger Is Sometimes Called the Book of Original

question 70

True/False

The general ledger is sometimes called the book of original entry because it is the accounting record where transactions are first recorded.

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Definitions:

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Organizational Effectiveness

Measures how efficiently and effectively an organization meets its goals and satisfies its stakeholders.

Valuable Knowledge

Information or expertise that is considered highly beneficial or insightful, often contributing to improved outcomes or competitive advantage.

Social Entities

Groups, organizations, or institutions that operate within a social context and interact according to societal norms and values.