Which of the Following Statements Is Correct

question 76

Multiple Choice

Which of the following statements is correct?

• A) The general ledger contains the accounts that are used to prepare the financial statements.
• B) Some companies use the general ledger instead of a general journal.
• C) When entries are posted from the general journal to the general ledger, the account number is written in the Posting Reference column in the general ledger.
• D) When entries are posted from the general journal to the general ledger, the page number is written in the Posting Reference column in the general journal.

---

Definitions:

Statistical Relationship

The connection or correlation between two or more variables that can be measured using statistical methods.

Historical Data

Previous data collected over time that is used to analyze trends, forecast future events, or make comparisons.

Delineated List

A detailed enumeration or cataloging of items, often structured for clarity and ease of understanding.

Request For Proposal

A document issued by an organization to solicit proposals from potential suppliers for a desired project or service.