A transaction is initially recorded in the journal, and then subsequently posted to the general ledger
This is further explained below.
<h3>What is a ledger?</h3>
Generally, A book or group of accounts in which transactions pertaining to those accounts are documented is referred to as a ledger.
Each account has a carry-forward balance or a starting balance, and it would record each transaction as either a debit or a credit in distinct columns, as well as the account's ending or closing amount.
In conclusion, When a transaction occurs, it is first written down in the journal, and then it is later entered into the general ledger.
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They include: planning, organizing, leading, and controlling.
I think it is D but not 100% sure
The net profit of $2.20 million is earned by her if she has gross sales of $10.70 million and expenses of $8.50 million.
<h3>What is sales revenue?</h3>
Sales revenue is the amount earned by the company after disposing of its manufactured goods either on cash or on credit.
Given values:
Sales revenue: $10.70 million
Expenses: $8.50 million
Computation of net profit:
Therefore, if she has gross sales of $10.70 million and expenses of $8.50 million then the net gains received by her are $2.20 million.
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The answer is per capita gross domestic product. The per
capita GDP is the one responsible for measuring the country’s total output in
which they take their GDP and are being divided by how many are the people in
their own country.
