B C K T E V a R

question 21

Multiple Choice

B C K T E V A R
Using the letter string above, delete every second letter. Replace the remaining vowels with the letter "O" and add the letter "S" to the end of the string.
Which of the following words can be made with the remaining letters?

• A)BOWLS
• B)BOOTH
• C)BOOTS
• D)BOOKS

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Definitions:

General Journal

A basic accounting record where all types of transactions are initially recorded before being posted to specific accounts in the general ledger.

General Ledger

A complete record of all financial transactions over the life of a company.

Debit Balances

Accounts on the left-hand side of a double-entry bookkeeping system that typically signify assets or expenses.

Permanent Account

An account that carries its ending balance over from one accounting period to the next, such as assets, liabilities, and equity accounts.