Which of the Following Is a True Statement

question 140

Multiple Choice

Which of the following is a true statement?

• A) In most accounting systems, the journal, but not the ledger is computerized.
• B) In the phrase "keeping the books," books refers to the journals and the ledger.
• C) The journal entry shows the balance in each account.
• D) If entries are correctly entered in the journal, the same data does not need to be entered in the ledger.

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Definitions:

Union Substitution

A strategy employed by employers to avoid unionization among their employees, often by providing benefits similar to those a union would negotiate.

Management Policies

Guidelines and principles adopted by an organization's leadership to govern decisions and actions within the company.

Harassment

Unwanted and unwelcomed behavior that creates an intimidating, hostile, or offensive work environment.

Financialization

The increasing influence of financial markets, financial motives, financial institutions, and financial elites on the economy and society at large.