Question

The left column of a financial statement is often used to A show balance B show...

The left column of a financial statement is often used to
A show balance
B show credits
C show estimate
D subtotal numbers
Business   Accounting   
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Answer #1

Answer: D Subtotal numbers

A is incorrect since the right column of the financial statements are used to show the grand totals.

B is incorrect since right hand column of a general journal shows credits.

C is incorrect since no estimates shall be shown in the left column.

D is correct since the left column of a financial statements is often used to show the sub total numbers of each item and the total of such infividual items shall be shown in the right column.

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