When Journalizing, the Reference Column Is

question 99

Multiple Choice

When journalizing, the reference column is

• A)left blank.
• B)used to reference the source document.
• C)used to reference the journal page.
• D)used to reference the financial statements.

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Definitions:

Financial Asset(s)

Financial assets refer to any assets that are cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.

Cryptocurrencies

Digital or virtual currencies that use cryptography for security and operate independently of a central bank, enabling secure, anonymous transactions.

Blockchain

A decentralized digital ledger technology where transactions are recorded with an immutable cryptographic signature called a hash.