The Balance Column in a Ledger Account Is

question 145

Multiple Choice

The balance column in a ledger account is:

• A)An account entered on the balance sheet.
• B)A column for showing the balance of the account after each entry is posted.
• C)Another name for the dividends 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:

Aircraft

A vehicle designed for air travel, equipped with wings and engines, that can carry people or cargo through the atmosphere.

Shipbuilders

Individuals or companies engaged in the construction of ships and other floating vessels.

Product Layout

An arrangement in factories where the production equipment is organized according to the sequence of production operations, with materials moving along a line from one workstation to the next.

Inflexible

Lacking the capability or willingness to adapt or change in response to different circumstances or needs.