Which of the following statements is true?
a. An entry in a general ledger account can be traced to the trial balance by referring to the page listed in the posting reference column of that ledger account.
b. The posting of an amount recorded in the general journal can be verified by referring to the account number listed in the posting reference column on that line in the general journal.
c. Business transactions are recorded first in the general ledger; then that information is transferred to the general journal.
d. No explanation is needed for each entry in the general journal.
b
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During ________ the company receives materials it needs to manufacture its products
A) inbound logistics B) operations C) outbound logistics D) marketing and sales E) service
Metric symbols do not change in the plural and are never followed by ______________
a. an equation b. another number c. a period d. another symbol
One purpose of documenting report data is to save time
Indicate whether the statement is true or false
Which of the following could use a Division 2 Proposal?
A) a corporation that owes more than $5 million will have a meeting with all its creditors and the Trustee B) an individual wants to avoid bankruptcy and owes $90,000 C) a corporation wants to restructure its $500,000 debt to avoid bankruptcy D) creditors will vote to decide if a corporation should be forced into bankruptcy E) an individual who owes $300,000 will present a plan to creditors who will vote on it to determine if they person is forced into bankruptcy