A Chronological Record of All the Transactions of an Entity

question 40

Multiple Choice

A chronological record of all the transactions of an entity is provided in the:

• A) general ledger.
• B) chart of accounts.
• C) journal.
• D) trial balance.

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Definitions:

Denotation

A word’s literal or “dictionary” meaning. Most common words in English have more than one denotation. Context usually makes it clear which of several meanings is appropriate.

Connotation

The emotional or cultural associations tied to a word or phrase, beyond its literal dictionary definition.

Syntax

The set of rules and principles that dictate the structure of sentences in a given language, including word order and punctuation.

Simple Sentence

Sentence with one main clause.