The explanation column of the general ledger
A) is completed without exception.
B) is nonexistent.
C) is used infrequently.
D) shows account titles.
Correct Answer:
Verified
Q43: Credits
A)decrease both assets and liabilities.
B)decrease assets and
Q44: Assets normally show
A)credit balances.
B)debit balances.
C)debit and credit
Q45: Chik Chik Company showed the following balances
Q46: The usual sequence of steps in the
Q47: An accounting record of the balances of
Q49: Devendra Company pays cash dividends of $600.The
Q50: Prepare a trial balance from the ledger
Q51: Transactions are entered in the ledger first
Q52: A trial balance does not prove that
Q53: A debit to an asset account indicates
A)an
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