Which Account Is the Controlling Account for the Amounts Owed

question 26

Multiple Choice

Which account is the controlling account for the amounts owed to individual creditors?

• A) Accounts Payable in the general ledger
• B) Accounts Receivable in the general ledger
• C) Accounts Receivable in the subsidiary ledger
• D) Accounts Payable in the subsidiary ledger

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Definitions:

Informal Groups

Unofficial and emerge from relationships and shared interests among members.

Formal Groups

Officially recognised and supported by the organisation.

Group Dynamics

The psychological processes involving interactions, behaviors, attitudes, and roles that occur within a group setting.

Synergy

The creation of a whole greater than the sum of its individual parts.