Instead of T Accounts,businesses Are More Likely to Use a

question 54

Multiple Choice

Instead of T accounts,businesses are more likely to use a

• A) chart of accounts.
• B) balance sheet.
• C) four-column account.
• D) special journal.

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Definitions:

Present Oriented

A focus or mindset that concentrates on the current time and immediate experiences, often with less concern for past or future consequences.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, leading to health risks.

Minority

A group of people differentiated from the social majority based on ethnicity, race, religion, or other factors, often experiencing differential treatment or representation.

Inferiority

A feeling of being lesser in quality, value, or importance compared to others.