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A Good Reason for Studying a Wide Range of Subjects

question 163

Multiple Choice

A good reason for studying a wide range of subjects in high school and in college is the time and effort you will save because you will be able to do which of the following more quickly later on when you need this information?


Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction, showing which accounts are affected and by what amounts.

Ledger

A book or database in which financial transactions are recorded systematically.

Source Documents

Original records that provide evidence that a transaction has occurred, such as receipts, invoices, checks, or bank statements.

Unearned Revenue

Money received by a business for goods or services yet to be provided; it is recorded as a liability until the goods or services are delivered.

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