In a Manual System, an Adjusting Entry Would Most Likely

question 17

Multiple Choice

In a manual system, an adjusting entry would most likely be initially recorded in a:

• A)Special journal
• B)Subsidiary ledger
• C)General journal
• D)General ledger

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Definitions:

Budget Constraint

A limitation on the consumption choices of individuals or firms, dictated by their income and prices of goods.

Budget Constraint

A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.

DVDs

Optical disc storage format used to store high capacity data like movies, software, and other digital content.

CDs

Short for Certificates of Deposit, which are savings certificates with a fixed maturity date and specified fixed interest rate that are issued by banks.