the balance column in a ledger account is: multiple choice an account entered on the balance sheet. a simple…
the balance column in a ledger account is: multiple choice an account entered on the balance sheet. a simple form of account that is used in accounting to illustrate the debits and credits required in recording a transaction. a column for showing the balance of the account after each entry is recorded. a section of the income statement. a section of the statement of cash flows.
Answer
Brief Explanations:
In accounting, the balance column in a ledger account shows the balance of the account after each transaction is recorded. It's not an account on the balance - sheet, nor is it related to the simple form for debits and credits, or sections of income statement or cash - flows statement.
Answer:
C. A column for showing the balance of the account after each entry is recorded.