The Balance Column in a Ledger Account Is

question 145

Multiple Choice

The balance column in a ledger account is:

• A)An account entered on the balance sheet.
• B)A column for showing the balance of the account after each entry is posted.
• C)Another name for the dividends account.
• D)An account used to record the transfers of assets from a business to its stockholders.
• E)A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.

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Definitions:

Prescribed Emotions

Feelings that individuals are expected to display in certain job roles or social situations as dictated by societal or organizational norms.

Financial Incentives

are monetary rewards offered to employees or teams to motivate performance or achieve specific business objectives.

Golden Handcuffs

Financial incentives and benefits offered to key employees as a means to retain them in the company, often making it financially disadvantageous for them to leave.

Continuance Commitment

An employee's loyalty to a company based on the costs that the employee associates with leaving the organization.