The ledger is:
A) a group of accounts that records results from business transactions.
B) a tool used to ensure that all accounts have normal balances.
C) a chronological record of the day's transactions.
D) a tool used to ensure that debits equal credits.
Correct Answer:
Verified
Q11: The credit side is always the left
Q12: Which of the following types of accounts
Q13: A compound entry is:
A) a transaction involving
Q14: The Accounts Payable account is:
A) a capital,
Q15: A ledger:
A) includes all company accounts and
Q17: The right side of any account is
Q18: The rules of debit and credit require
Q19: A debit may signify a(n):
A) increase in
Q20: An account that would be increased by
Q21: When recording transactions in two or more
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