A Ledger Is

question 45

Multiple Choice

A ledger is:

• A)A record containing all accounts (with amounts) for a business.
• B)A journal in which transactions are first recorded.
• C)A collection of documents that describe transactions and events during the accounting process.
• D)A list of all accounts with their debit balances at a point in time.
• E)A list of all accounts a company uses and includes an identification number assigned to each account.

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Definitions:

Short-Term Marketable Securities

Financial instruments that can easily be converted into cash within a short period, typically less than one year.

SEC

Securities and Exchange Commission, a U.S. federal agency that oversees the securities markets, protecting investors and maintaining fair, orderly, and efficient markets.

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy, typically published yearly for shareholders.

Form 10K

A comprehensive summary report of a company's performance that must be submitted annually to the Securities and Exchange Commission.