A(n) ________ is a collection of records that summarizes the effects of multiple transactions whereas a(n) ________ is a record of each day's transactions.
A) ledger;journal
B) journal;ledger
C) trial balance;journal
D) trial balance;ledger
Correct Answer:
Verified
Q39: The characteristic shared by all liabilities is
Q40: The cost principle is used:
A)to refer to
Q41: Every transaction:
A)increases one account and decreases another
Q42: Account titles in the chart of accounts
Q43: Which events are recorded in the accounting
Q45: Amounts invested and reinvested by a company's
Q46: Transactions are entered into a(n)_ each day
Q47: A _ is a list of account
Q48: Typical cash flows from investing activities include:
A)payments
Q49: Doug's Doodle Shop,specializing in dog supplies,signs a
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