Which of the following describes the ledger?
a. the ledger is known as the book of original entry.
b. the ledger contains the accounts of the business, categorized by account classification.
c. the ledger will determine the accuracy of information recorded in the journal.
d. the ledger contains a list of business transactions, arranged by date.

Which term refers to the cost that motivates an economic decision

Why is efficiency an important economic goal?

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?