Examlex
Which of the following best describes what Common Cause does?
Subsidiary Ledger
A detailed ledger containing transaction information for individual accounts, which supports and provides details for a summary account in the general ledger.
Customer Accounts
Accounts maintained by businesses to record individual transactions of their customers over a period of time, tracking purchases, payments, and balances.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
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