a. A collection of accounts and account balances is referred to as a(n) b. A(n) , such as a bank statement, is objective evidence of transactions and their amounts. c. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) d. A(n) e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n) account has a complete record of every transactions recorded. journal wwwwww of accounts.
a. A collection of accounts and account balances is referred to as a(n) b. A(n) , such as a bank statement, is objective evidence of transactions and their amounts. c. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) d. A(n) e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n) account has a complete record of every transactions recorded. journal wwwwww of accounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Select the item that best completes each of the descriptions below.
a. A collection of accounts and account balances is referred to as a(n)
b. A(n).
such as a bank statement, is objective evidence of transactions and their amounts.
c. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n)
d. A(n) _
асcount
has a complete record of every transactions recorded.
journal
e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n).
of accounts.
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