The ________ Keeps a Running Balance of an Individual Account

question 95

Multiple Choice

The ________ keeps a running balance of an individual account.

• A)general journal
• B)Balance Sheet
• C)general ledger
• D)posting reference

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Definitions:

Raw Materials

Raw materials are the basic, unprocessed inputs used in the manufacture of products.

Charged

Charged refers to recording or incurring an expense or cost against a company's accounts or to the process of loading a financial obligation onto a financial account.

Cost Accounting Systems

Methods and procedures used for collecting, classifying, analyzing, and allocating costs associated with a process, product, or project.