The Thomas Company Has an Accounts Receivable Account in Its

question 32

Multiple Choice

The Thomas Company has an accounts receivable account in its general ledger, and it also maintains a subsidiary ledger that contains an individual account for each of its customers who buys merchandise on credit.Which of the following statements about the general ledger account is not true?

• A)The general ledger account is also called a contra account.
• B)The balance of the general ledger account should agree with the total of all of the accounts in the subsidiary ledger.
• C)The general ledger account is called a real or permanent account.
• D)The general ledger account is properly referred to as a control account.

---

Definitions:

Statistical Linear Trend Analysis

A technique used in statistics to model and analyze the relationship between variables and a continuous outcome over time.

Strategic Marketing Process

The approach a company takes to plan and execute marketing activities to reach their target audience and achieve competitive advantage.

Evaluation Phase

The stage in a project or campaign where outcomes are assessed against objectives to determine success and inform future decisions.

Evaluation Phase

A stage in a product's development or in a marketing campaign where its effectiveness, impact, or success is assessed.