Several terms that represent components of a bookkeeping system are listed below.For each term,write a brief explanation of how that component is used in a bookkeeping system.Space is provided for your answer immediately below each term.
A) Accounts
B) Chart of accounts
C) Double-entry system with debits and credits
D) General journal
E) General ledger
F) Trial balance

Question

Several terms that represent components of a bookkeeping system are listed below.For each term,write a brief explanation of how that component is used in a bookkeeping system.Space is provided for your answer immediately below each term.
 A) Accounts
B) Chart of accounts
C) Double-entry system with debits and credits
D) General journal
E) General ledger
F) Trial balance

Quizplus · Accepted Answer

The Answer of Several terms that represent components of a bookkeeping system are listed below.For each term,write a brief explanation of how that component is used in a bookkeeping system.Space is provided for your answer immediately below each term.
 A) Accounts
B) Chart of accounts
C) Double-entry system with debits and credits
D) General journal
E) General ledger
F) Trial balance

Several Terms That Represent Components of a Bookkeeping System Are