Which of the Following Statements Is True Regarding Attributes of the General

question 119

Multiple Choice

Which of the following statements is true regarding attributes of the general ledger and the general journal?

• A)Both the general ledger and the general journal focus on general accounting concepts and not specific events or occurrences.
• B)The general journal displays the balance in a particular account.
• C)The general ledger and the general journal are separate and distinct accounting records that are not related or cross-referenced to each other.
• D)The general ledger is account driven and the general journal is transaction driven.
• E)General ledger accounts are only used in ERP systems.

---

Definitions:

Networking Group

A collective of individuals or organizations that come together to share information, resources, and support to enhance professional connections.

Referrals

Recommendations made by others, often based on personal experience or satisfaction, that direct someone to a particular service, product, or professional.

Leads

Potential customers or clients who have expressed interest in a product or service, often considered the first step in the sales process.

Norms

Established, accepted behaviors or standards that are considered normal within a specific group, community, or society.