객관식
Consumer finance companies, which are often advertised on TV, are also known as:
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1. Introduction to Accounting
Types of Accounting
객관식
The collection of all the different types of investments that belong to an individual is a(n) _____.
A
portfolio
B
journal
C
ledger
D
balance sheet
검증된 단계별 안내1
Understand the term 'portfolio' in financial accounting. A portfolio refers to the collection of all investments owned by an individual or entity, such as stocks, bonds, mutual funds, and other assets.
Compare the term 'portfolio' with the other options provided: 'journal,' 'ledger,' and 'balance sheet.'
Recognize that a 'journal' is a record of financial transactions in chronological order, used for bookkeeping purposes.
Understand that a 'ledger' is a book or collection of accounts where financial transactions are categorized and summarized.
Learn that a 'balance sheet' is a financial statement that shows an entity's assets, liabilities, and equity at a specific point in time. None of these terms describe a collection of investments, making 'portfolio' the correct answer.
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