The General Ledger Is a Chronological Listing of Each Transaction

question 10

True/False

The general ledger is a chronological listing of each transaction and its effects on the accounting equation.

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Definitions:

Suggestive Proposition Close

A sales technique where the salesperson suggests a specific action or decision for the customer, promoting a sense of urgency or benefit.

Beneficial

Having a positive effect; contributing to a favorable outcome or advantage.

Sooner Rather Than Later

A phrase encouraging prompt action or decision making to avoid potential problems or to seize opportunities quickly.

Two-Column List

A method used for organizing information or data into two distinct columns, often for comparison, contrast, or dual categorization purposes.