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:

Demographic

Statistical data relating to the population and the particular groups within it, used in marketing, planning, and social studies.

Technological

Relating to or involving technology, especially in the context of new developments.

Adjusted Gross Income

An individual's total gross income minus specific deductions, used in the United States tax system to determine how much income is taxable.

Wage Earners

Individuals who receive compensation for their labor or services in the form of wages or salary.