Asked by Jallisa Jackson on Jul 08, 2024
Verified
A more structured format that is similar to a T-account in that it has columns for debits and credits,but that is different in that it has columns for transaction date,explanation,and the account balance is the ________.
Structured Format
A specified and organized way of presenting or arranging information or data, typically following a predefined layout.
T-account
A graphical representation of a ledger account that is used for educating and understanding accounting.
Transaction Date
The exact date on which a financial transaction occurred or was executed.
- Acknowledge and employ the concept of debits and credits during accounting activities.
- Comprehend the critical nature and sequence involved in the journey of transaction records from the journal to the ledger.
Verified Answer
MC
Learning Objectives
- Acknowledge and employ the concept of debits and credits during accounting activities.
- Comprehend the critical nature and sequence involved in the journey of transaction records from the journal to the ledger.