Which of the Following Is True

question 50

Multiple Choice

Which of the following is true?

• A) The ledger account form maintains a running balance of the account.
• B) When recording business transactions, it is not important that one use the exact account titles as listed in the chart of accounts.
• C) The process of transferring information from the journal to the ledger is called journalizing.
• D) All of the answers listed are correct.

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Definitions:

Developmental Reading Disorder

Also known as dyslexia, a learning disorder characterized by difficulty reading due to problems identifying speech sounds and learning how they relate to letters and words.

Dyscalculia

A specific learning disability affecting a person's ability to understand numbers and learn math facts.

Piaget

A Swiss psychologist known for his pioneering work in child development, focusing on cognitive growth and the stages of development.

Formal Operational

The final stage of Jean Piaget's theory of cognitive development, characterized by the ability to think abstractly, logically, and systematically.