A Collection of All Accounts and Their Balances Used by a Business

question 74

Multiple Choice

A collection of all accounts and their balances used by a business is called a:

• A) Journal.
• B) Book of original entry.
• C) General Journal.
• D) Balance column journal.
• E) Ledger.

---

Definitions:

Inductive Approach

A method of reasoning that starts from specific observations to develop broad generalizations or theories.

Persuaded

Successfully convinced someone to do or believe something through reasoning or argument.

Audience

The group of people targeted or reached by a piece of communication, performance, or work.

Clan Culture

A type of corporate culture that emphasizes family-like relations, teamwork, and loyalty within the organization.