The balance column in a ledger account is:
A. A column for showing the balance of the account after each entry is posted.
B. An account used to record the transfers of assets from a business to its owner(s).
C. Another name for the dividends account.
D. An account entered on the balance sheet.
E. A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.
Answer: A
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