Instructions: Select the Letter of the Answer That Correctly Identifies

question 232

Multiple Choice

Instructions: Select the letter of the answer that correctly identifies the subject and complete verb in each sentence. In the course of three days, forest fires destroyed most of the national park.

• A) park, destroyed
• B) fires, destroyed
• C) days, fires

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Definitions:

General Ledger

The master set of accounts that summarize all transactions occurring across a company.

Adjusting Entry

An adjusting entry is a journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Salaries and Wages Expense

The total amount recorded by a company for the cost of salaries and wages paid to employees.

Fiscal Period

A specific time period for which an organization plans its budgets and reports financial performance, often a year or quarter.