When Using a Subsidiary Ledger, the Accounts Payable Account in the General

question 101

Multiple Choice

When using a subsidiary ledger, the Accounts Payable account in the general ledger is called the

• A) master account.
• B) subsidiary account.
• C) receivable account.
• D) controlling account.

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Definitions:

Compensation System

An organizational structure designed to provide monetary and non-monetary benefits to employees for their work.

Demographic-Needs Analysis

An assessment method that examines the characteristics of a specific population to determine their specific needs and how to meet them.

Recently-Immigrated

Pertaining to individuals who have moved from one country to another to reside permanently in a recent time period.

Guatemalan Employees

Workers from or in Guatemala, highlighting specific demographic or labor force considerations related to employment in that country.