An Accounts Payable Ledger

question 41

Multiple Choice

An accounts payable ledger:

• A)Contains an account for each credit customer.
• B)Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding.
• C)Is a book of original entry designed and used for recording only a specified type of transaction.
• D)Contains the financial statement accounts of a business.
• E)Contains a separate account for each creditor (supplier)to the company.

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Definitions:

Psychological Tension

Internal conflict or stress experienced by individuals due to opposing thoughts, beliefs, or feelings.

Postpurchase

Relates to the period after a purchase has been made, focusing on the customer's experience, satisfaction, and any follow-up services or support.

Consideration Set

A group of brands or products a consumer considers as options in the decision-making process before making a purchase.

Motivational Ego Needs

Psychological desires that drive individuals' behaviors with the aim of enhancing self-esteem and personal gratification.