A Ledger Is Used To

question 176

Multiple Choice

A ledger is used to:

• A)show increases and decreases in individual accounts,as well as the ending balance.
• B)report the results of operations to stockholders,creditors,and managers.
• C)prove that debits equal credits.
• D)make a balance sheet unnecessary.

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Definitions:

New Deal

A collection of initiatives, including public work schemes, economic reforms, and regulations implemented by President Franklin D. Roosevelt in the United States during the 1930s, aimed at aiding recovery from the Great Depression.

NAACP

The National Association for the Advancement of Colored People, an organization formed in 1909 to fight for civil rights and eliminate race-based discrimination in the United States.

Higher Education

refers to the stage of learning that occurs at universities, colleges, and other institutions offering degrees and certifications beyond secondary education.

Elementary School

A primary educational institution where children receive the first stages of compulsory education, typically including grades K-5 or K-6.