A List of Ledger Accounts and Their Balances Is Called

question 7

Multiple Choice

A list of ledger accounts and their balances is called a:

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

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of an organization, enhancing its internal and external communications and monitoring its performance against strategic goals.

Cause-and-Effect Relationships

Connections between events where one or more events cause another event to happen.

Performance Metrics

Quantitative and qualitative measures used to assess how well a company, project, or individual is performing against predetermined goals or standards.

Strategic Objectives

Long-term goals that a business seeks to achieve, guiding its operational planning and decision-making.