The General Ledger

question 1

Multiple Choice

The general ledger

• A) summarizes the transactions in journals.
• B) only includes balance sheet accounts.
• C) is posted in total to the general journal.
• D) is the initial place to record depreciation expense.

---

Definitions:

P(A|B)

The probability of event A occurring given that event B has already occurred.

Probability

A quantification of the probability that an event will happen, represented as a numerical value ranging from 0 to 1.

Subscriber Owns

Refers to the assets or services a subscriber has purchased and currently possesses.

Probability

A measure of the likelihood or chance of an event occurring; a value between 0 and 1.