Examlex

Solved

The Coding System Typically Used in the General Ledger Chart

question 106

Multiple Choice

The coding system typically used in the general ledger chart of accounts is:


Definitions:

Sale Of Goods

The transaction between parties for the exchange of tangible and movable items for a price.

Natural Gas

A fossil fuel formed from the remains of plants and animals, used as an energy source due to its combustibility for heating, electricity generation, and as fuel for vehicles.

Sale For Goods

A transaction involving the transfer of ownership of goods from a seller to a buyer for a price.

Auto Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Related Questions