Regarding the Ledger,which of the Following Statements Is Incorrect

question 158

Multiple Choice

Regarding the ledger,which of the following statements is incorrect?

• A) Both the chart of accounts and the ledger list the account names and numbers of the business.
• B) Companies use the ledger to fulfill the task of showing all of the increases and decreases in each account.
• C) Both the chart of accounts and the ledger provide the balance of each account at a specific point in time.
• D) The ledger provides more detail than the chart of accounts.

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Definitions:

Morpheme

The smallest grammatical unit in a language, that cannot be further divided, and carries meaning; for example, -s, un-, and ship in friendships.

Phoneme

A phoneme is the smallest unit of sound in a language that can distinguish one word from another, such as the difference between the /p/ and /b/ sounds in "pat" and "bat."

Words Per Minute

A measure of typing or reading speed, indicating how many words an individual can type or read in one minute.

Prototype

The typical or most familiar example of a category (e.g., a robin is a prototypical bird for many Americans but an auk might be the prototype for Laplanders).