The Balance Column in a Ledger Account Is

question 109

Multiple Choice

The balance column in a ledger account is:

• A)An account entered on the balance sheet.
• B)A column for showing the balance of the account after each entry is posted.
• C)Another name for the dividends account.
• D)An account used to record the transfers of assets from a business to its owner(s).
• E)A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.

---

Definitions:

Advantages

The beneficial aspects or positive outcomes that result from specific actions, strategies, or situations.

Equity Financing

is the process of raising capital through the sale of shares in an enterprise, effectively exchanging ownership rights for funding.

Family Businesses

Businesses owned and operated by multiple family members, often passed down from one generation to the next.

Shareholders

Individuals or entities that own share(s) of stock in a corporation, thus holding a portion of the ownership and rights to profits.