Multiple Choice
The purpose of the ledger is to
A) record the day's transactions in date order.
B) keep documentation to support each transaction.
C) keep in one place all information about changes in specific account balances.
D) make sure that all assets and liabilities have normal balances at all times.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: If services are performed on credit, then<br>A)assets
Q2: A trial balance would only help in
Q4: A journal provides<br>A)the balances for each account.<br>B)information
Q6: Which of the following journal entries is
Q7: The usual ordering of accounts in the
Q8: Which of the following statements is not
Q9: When a company receives a utility bill
Q10: If total assets are increased, there must
Q11: The sequence of steps in the
Q133: Source documents can provide evidence that a