Author Question: A chronological record of financial transactions expressed as debits and credits to accounts is ... (Read 201 times)

sjones

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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

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Answer to Question 1

b

Answer to Question 2

Answer: TRUE



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