The Balance Column in a Ledger Account Is

question 109

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 owner(s).
• 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:

Food

any nutritious substance that people or animals eat or drink to maintain life and growth.

Infirmity

Illness, disease.

Illness

A condition that negatively affects a person's normal physiological or psychological state, often characterized by specific signs and symptoms.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific signs or symptoms or that affects a specific location and is not simply a direct result of physical injury.