The Balance Column in a Ledger Account Is

question 127

Multiple Choice

The balance column in a ledger account is:

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

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Definitions:

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