Which of the Following Might Be Monitored as an Indicator

question 27

Multiple Choice

Which of the following might be monitored as an indicator of inflation?

• A) consumer price index
• B) gold prices
• C) oil prices
• D) All of the above may be indicators of inflation.

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Definitions:

General Ledger

The primary accounting record of a company or organization in which all transactions are recorded, including assets, liabilities, equity, revenue, and expenses.

Original Entry

The initial recording of a financial transaction in the accounting records or journal.

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.