What relationship exists between the general journal and the general ledger?

A) The general ledger accounts contain the same information as those in the general journal, but it is just in a different format.
B) The balances in the general ledger will always equal those in the general journal.
C) After all postings from the general journal are complete, the debit balances in the general ledger will rarely equal the credit balances.
D) The number of accounts in the general journal will always be larger than the number of accounts in the general ledger.


A

Business

You might also like to view...

Which of the following are categories that do not reflect the contingent nature of losses and the guiding criteria organized around probability of outcomes as provided by the FASB?

a. Guaranteed. b. Reasonably possible. c. Remote. d. Probable.

Business

________ marketing is defined as socially and environmentally responsible marketing that meets the present needs of consumers and businesses while also preserving or enhancing the ability of future generations to meet their needs

A) Customer-driven B) Mass C) Sustainable D) Customer-driving E) Ambush

Business

To establish trespass to land, a plaintiff:

a. must show an invasion that interferes with the plaintiff's right of exclusive possession of property that is at least an indirect result of the defendant's actions. b. need not show the plaintiff's right to exclusive possession, but must show that the defendant's actions were unreasonable. c. must show an invasion that interferes with the plaintiff's right of exclusive possession of property and that it is a direct result of the defendant's actions. d. need not show the plaintiff's right to exclusive possession.

Business

Using the data in Table M2-5, determine the optimal arc of stage 4

A) 1 - 2 B) 2 - 4 C) 1 - 3 D) 3 - 4 E) None of the above

Business