A chronological record or history) of an entity's transactions is called a:
A) journal.
B) ledger.
C) poster.
D) T- account.
Correct Answer:
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Q20: Performing services on account would:
A)decrease revenue and
Q21: Receiving a payment from a customer on
Q22: A company purchased office supplies for cash.
Q23: If a person starting a business had
Q24: Making a cash payment to settle a
Q26: Purchasing a three- year insurance policy for
Q27: The normal balance of the Common Stock
Q28: A chart of accounts is:
A)a list of
Q29: Double- entry accounting means that each transaction:
A)debits
Q30: Which elements)of an accounting system provides)information about
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