A Company's List of Accounts and the Identification Numbers Assigned

question 103

Multiple Choice

A company's list of accounts and the identification numbers assigned to each account is called a:

• A)Source document.
• B)Journal.
• C)Trial balance.
• D)Chart of accounts.
• E)General Journal.

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Definitions:

Surplus

The amount by which production, resources, or inventory exceeds the actual demand or use.

Labor

The human effort, both physical and mental, used in the production process to create goods or provide services.

Labor Unions

Organizations representing workers in various industries, advocating for better wages, working conditions, and benefits for their members.

Non-Unionized Industries

Sectors of the economy where the workforce is not part of a labor union or covered by a collective bargaining agreement.