According to Map 16

question 24

Multiple Choice

According to Map 16.3: The Reconstruction of the South, which former Confederate state was first to be readmitted to the Union?

• A) Florida
• B) Georgia
• C) Virginia
• D) Tennessee

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Definitions:

Subsidiary Ledger

A detailed ledger that contains account information relating to specific areas like accounts receivable or payable, supporting the general ledger.

General Ledger

The master set of accounts that aggregates all transactions recorded for a business.

Subsidiary Ledger

A detailed ledger that contains the supporting documents for a specific main account, such as accounts payable or receivable, to keep the general ledger uncluttered.

General Journal

A primary accounting record where financial transactions are initially recorded, before posting to specific accounts in the ledger.