Question

The Item column of the ledger account for the opening first entry for the ledger accounts
should contain the
A. word Cash.
c. account title.
B. words Opening Entry.
d. word Balance.

Answer 1

It's either Opening Entry or Account title following this order

Who, what, and When.
Who would be the company or the person's name
What would be if it's a balance sheet, income statement, Chart of accounts, or trial balance.
When is the date.

Example

Stockholm's Company
Balance Sheet
February 1, 2015

Answer 2

The Answer is.... D. word Balance.