A Column in Journals and Ledger Accounts That Is Used

question 29

Multiple Choice

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

• A)Account balance column.
• B)Debit column.
• C)Posting reference column.
• D)Credit column.
• E)Description column.

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Definitions:

Speculators

Investors who attempt to profit from market volatility by buying and selling stocks or other financial instruments, often taking higher risks.

Hedgers

Individuals or entities that enter financial contracts to reduce exposure to risk, typically by locking in prices for commodities or currencies.

Positions

Refers to the holdings or inventory of investments or trading assets owned by institutions or individuals.

Open Interest

The total number of outstanding derivative contracts, such as options or futures, that have not been settled.