A Simple Tool That Is Widely Used in Accounting to Represent

question 233

Multiple Choice

A simple tool that is widely used in accounting to represent a ledger account and to understand how debits and credits affect an account balance is called a:

• A)Dividends account.
• B)Common Stock account.
• C)Asset account.
• D)T-account.
• E)Balance column sheet.

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Definitions:

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Language

A system of communication using sounds or symbols that enable people to express thoughts and feelings.

Language Development

The process by which individuals acquire the capacity to understand and communicate language during infancy and early childhood.

Toddlers

Young children, typically between the ages of one and three years old, who are in the early stages of learning to walk and talk.