The Book That Is Used to Record Transactions in a Double-Entry

question 19

Multiple Choice

The book that is used to record transactions in a double-entry accounting system is the:

• A)journal.
• B)ledger.
• C)profit and loss book.
• D)subsidiary book.

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Definitions:

Stylized Historical Image

Artistic or popular representations of history that are shaped by cultural interpretations and may not accurately reflect historical truths.

18th Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant events such as the Enlightenment, the Industrial Revolution, and the American Revolution.

Identity Group

A collection of individuals who share specific social characteristics, beliefs, or experiences that shape their collective identity.

Boomerang Effect

A phenomenon where an attempt to change beliefs or attitudes does the opposite, reinforcing pre-existing beliefs.