Which of the following describes the ledger?
A. The ledger is known as the book of original entry.
B. The ledger contains the accounts of the business, categorized by account classification.
C. The ledger will determine the accuracy of information recorded in the journal.
D. The ledger contains a list of business transactions, arranged by date.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following describes the ledger? A. The ledger is known as the book of original entry. B. The ledger contains the accounts of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Retained earnings account has a credit balance of $37,000 before closing entries are made. Total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000.
Answers (1)
This information relates to Blossom Co ... 1. On April 5, purchased merchandise from Sunland Company for $26,200, terms 3/10, n/30. 2. On April 6, paid freight costs of $570 on merchandise purchased from Sunland Company. 3.
Answers (1)
A company paid Jen Rogers, its sole stockholder, a total of $25,000 in dividends during the current year.
Answers (1)
The unemployment rate rises any time there is an increase in the number of unemployed. select one: a. True b. False
Answers (1)
Universal Containers has successfully implemented a large Service Cloud rollout for their national call center 3 months ago. true/false
Answers (1)
New Questions in Business
On April 1, 2017, Planet Services received $8,000 in advance of performing the services from a customer for three months of service long dash - April, May and June.
Answers (1)
The founder and former ceo fo jones soda peter van stock claime that sharing the core values of your loyal customer base is just good for buisness. if you wanted to integrate this business philosophy into your own company you would study
Answers (1)
Jean's Fashions is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. The required return is 12 percent and the company just paid a $3.
Answers (1)
A small number of institutional investors are often able and motivated to bring direct shareholder pressure on a firm's management in an effort to reduce potential agency conflicts. a. True b. False:
Answers (1)
True or false: increasing the confidence level will lead to a wider margin of error.
Answers (1)