A Balance Column Ledger Account Is

question 137

Multiple Choice

A balance column ledger account is:

• A)An account entered on the balance sheet
• B)An account with debit and credit columns for posting entries and another column for showing the balance of the account after each entry is posted
• C)An alternate name for the retained earnings account
• D)An account used to record the transfers of assets from a business to its stockholders
• E)A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction

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Definitions:

Quantitative Research

The systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques.

Observations

The act of noticing and recording events, behaviors, or processes to gather information.

Qualitative Methods

Research methods that collect and analyze non-numerical data to understand concepts, thoughts, or experiences.

Interviews

A method of gathering information by asking questions verbally, commonly used in research, journalism, and employment selection processes.