Multiple Choice
The four-column account ________.
A) is an alternative to using the ledger
B) includes the Post. Ref. column which allows a user of the financial data to trace the amount in the journal back to the ledger
C) is not frequently used in practice because it provides less information than T-accounts
D) adds two additional columns that are used to determine a running balance
Correct Answer:
Verified
Correct Answer:
Verified
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Q19: Provide an explanation for each of
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