As Per the ________,If an Action Cannot Be Taken Repeatedly,it

question 71

Multiple Choice

As per the ________,if an action cannot be taken repeatedly,it is not right to take at all.

• A)slippery-slope rule
• B)lemming rule
• C)high-failure cost rule
• D)utilitarian principle
• E)Golden Rule

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Definitions:

Schedule of Accounts Payable

A detailed list that tracks the amounts owed by a company to its suppliers or creditors.

Customer Accounts

Accounts maintained by a vendor detailing individual transactions with customers over a period, showing credits, debits, and balances.

Controlling Account

A general ledger account that summarizes and controls the balance of all subsidiary accounts related to it, typically used for accounts receivable and accounts payable.

Subsidiary Ledger

A detailed ledger containing individual accounts that support figures on the general ledger, often used for accounts receivable, accounts payable, etc.