The General Ledger of a Business

question 102

Multiple Choice

The general ledger of a business:

• A)Is a collection of all accounts used in a company's information system.
• B)Must be kept in a computer file.
• C)Is also called the book of original entry.
• D)Is not affected by a company's size and diversity.
• E)Is one of the four financial statements.

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Definitions:

Illegal Drug

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse or harm.

Stereoisomer

Molecules that have the same molecular formula and sequence of bonded atoms but differ in their three-dimensional orientations.

Chemical Formula

A symbolic representation of a substance's composition, describing the elements present and their relative proportions.

Nerve Cells

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.