An Accounts Receivable Ledger Is A

question 25

Multiple Choice

An accounts receivable ledger is a:

• A)Subsidiary ledger that contains an account for each supplier (creditor).
• B)List of the separate accounts that show the balances outstanding from credit customers.
• C)Book of original entry that is designed and used for recording only sales on credit.
• D)Ledger that contains all financial statement accounts of a business.
• E)Subsidiary ledger that contains a separate account for each party that grants both short-term and long-term credit on account to the company.

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Definitions:

Cognitive Mediational

Relating to the theory that cognitive processes mediate the relationship between stimuli and emotional responses.

Schachter and Singer

Psychologists who proposed the two-factor theory of emotion, suggesting that emotion comes from a combination of physiological arousal and cognitive labeling of that arousal.

Nucleus Accumbens

A brain structure that plays a central role in the reward circuit, associated with pleasure, reinforcement learning, and addiction.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions such as fear and pleasure, and drives like those for food and sex.