What is a general ledger - Study guides, Class notes & Summaries

PEREGRINE EXAM QUESTIONS AND ANSWERS 100% CORRECTPEREGRINE EXAM QUESTIONS AND ANSWERS 100% CORRECTPEREGRINE EXAM QUESTIONS AND ANSWERS 100% CORRECT What is a general ledger? - ANSWER-A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Depos...

Peregrine Exam(question with correct answers 100%)2023 updatedWhat is a general ledger? - correct answer A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Tr...

SAP S/4HANA Full List (TS410 Exam) Updated 2022. What are the scope of a planning run? -Regenerative Planning -Net Change for Total Horizon What is the purpose of Material Ledger? -the elimination of locking and increase throughput for standard pricing for material valuation -improved and flexible valuation methods in multiple currencies and parallel accounting What is the output of an MRP run? -Planned Order -Purchase Req for Dependent Requirements -Reservation for Dependent Items ...

Bookkeeping Basics Questions and Answers Graded A+ What is a subsidiary ledger? A subsidiary ledger provides detailed information about specific types of transactions that are summarized in the general ledger, such as accounts receivable or accounts payable. What is meant by " accrual accounting"? Accrual accounting recognizes revenues and expenses when they occur, rather than when cash is received or paid. What does a trial balance reveal about a company's financial records...

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subsidiary journals (Ans- A document where transactions are summarized and later recorded in a general ledger. assets (Ans- The properties owned by a business Equities (Ans- What is left of assets after creditors' liabilities have been subtracted liabilities (Ans- The equity of those to whom money is owed (creditors). invoice (Ans- A document that describes items purchased or services rendered and shows the amount due. covered entities (Ans- Providers, hospitals, ...

AAT Level 2 - Bookkeeping Transactions Questions and Answers 100% Pass What is the purpose of a sales invoice? A sales invoice documents the sale of goods or services, detailing the amount owed by the customer. How are purchases recorded in bookkeeping? Purchases are recorded as debits in the purchases account and credits in the accounts payable account. What is the function of a petty cash book? A petty cash book tracks small, everyday expenses paid in cash, helping to manage ...

Peregrine Exam Study Guide 253 Questions with Complete Solutions What is a general ledger? - Correct Answers A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earning...

SAP TS410 Certification Exam Review (Latest 2024/ 2025 Update) Qs & As| Grade A| 100% Correct (Verified Answers) Q: What does typical design of graphical user interfaces usually result in? Answer: Large number of users tend to use the same screen Users have to navigate to specific area they need Requires lots of clicks Q: The main driver for designing user interfaces (UI) towards comfortable user experience is (UX) is Answer: Smartphones and tablets Q: What are t...

SAP TS410 Certification Practice Exam V1 (Latest 2024/ 2025 Update) Qs & As| Grade A| 100% Correct (Verified Answers) Q: Which objects can be assigned to a Purch organization Answer: Plant and Vendor Q: Material master and Fixed asset are directly assigned to a ___________? Answer: Company Code Q: What happens when you post a goods issue for a delivery document in sales? Answer: - The billing list is updated - An accounting journal entry in created - Inve...