a. A collection of accounts and account balances is referred to as a(n) b. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) c. A complete record of all transactions made by an organization is kept in a(n). d. A(n) , such as a sales receipt, is reliable evidence of a transaction and its amount. e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n). of accounts.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 6QY
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a. A collection of accounts and account balances is referred to as a(n).
b. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n)
c. A complete record of all transactions made by an organization is kept in a(n)
d. A(n).
such as sales receipt, is reliable evidence of a transaction and its amount.
e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n)
of accounts.
Transcribed Image Text:a. A collection of accounts and account balances is referred to as a(n). b. Increases and decreases in a specific asset, liability, equity, revenue, or expense are recorded in a(n) c. A complete record of all transactions made by an organization is kept in a(n) d. A(n). such as sales receipt, is reliable evidence of a transaction and its amount. e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n) of accounts.
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