When speaking of the Standard Account Form, it is TRUE to say that
A) It is widely used in business records today.
B) The form has no room for indicating either a debit or a credit.
C) There is no Date column included in this form.
D) All of a company's accounts together form a ledger.

Question

Quizplus · Accepted Answer

The statement "All of a company's accounts together form a ledger" is true. However, the other statements are false. The Standard Account Form is not widely used in business records today, it has columns for indicating both debit and credit, and it includes a Date column.

When Speaking of the Standard Account Form, It Is TRUE