A Ledger Is

question 45

Multiple Choice

A ledger is:

• A)A record containing all accounts (with amounts) for a business.
• B)A journal in which transactions are first recorded.
• C)A collection of documents that describe transactions and events during the accounting process.
• D)A list of all accounts with their debit balances at a point in time.
• E)A list of all accounts a company uses and includes an identification number assigned to each account.

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Definitions:

Innate

describes traits, behaviors, or abilities that are present from birth and not acquired through learning or experience.

Imprinting

A rapid form of learning occurring at a particular life stage wherein a young animal forms attachments to or preferences for specific objects or individuals.

Sensitive Period

A sensitive period is a specific time in an individual's development when they are more responsive to certain experiences or learning opportunities.

Permanent And Irreversible

Describes a condition or change that is lasting and unable to be undone or returned to its original state.