The Most Important General Ledger Account Included in and Affecting

question 121

Multiple Choice

The most important general ledger account included in and affecting several cycles is the

• A) cash account.
• B) inventory account.
• C) income tax expense and liability accounts.
• D) retained earnings account.

---

Definitions:

Sexual Misconduct

Inappropriate behavior of a sexual nature, often involving coercion or abuse of power.

Republican Revolution

A political revolution led by the Republican Party, though the term could refer to different historical events depending on context.

Microprocessor

An integrated circuit that contains the functions of a central processing unit of a computer, responsible for performing arithmetic, logic, controlling, and processing operations.

ALU

Arithmetic Logic Unit, a critical component of a computer's central processing unit (CPU) that performs arithmetic and logic operations on the data it processes.