_____ a Summary Is Also Referred to as a Précis

question 112

True/False

_____ A summary is also referred to as a précis or abstract.

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Definitions:

Ledger

A comprehensive set of accounts that records all financial transactions of a business, organized within a book or digital system.

Chart of Accounts

A Chart of Accounts is an organized list of all the accounts in the general ledger of a company, systematically arranged and often segmented by account types.

Trial Balance

A financial record-keeping chart where the sums of all ledger balances are gathered into columns of debits and credits, achieving a balance.