A chronological record of financial transactions expressed as debits and credits to accounts is ...

Author Question: A chronological record of financial transactions expressed as debits and credits to accounts is ... (Read 185 times)

sjones

Hero Member
Posts: 520

on: Jul 5, 2018

A chronological record of financial transactions expressed as debits and credits to accounts is provided by the
a. ledger.
b. journal.
c. balance sheet.
d. trial balance.

Question 2

Variances between actual and budgeted amounts inform management about performance relative to the budget.

Indicate whether this statement is true or false.

katheyjon

Sr. Member
Posts: 331

Reply #1 on: Jul 5, 2018

Answer to Question 1

b

Answer to Question 2

Answer: TRUE

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