An Accounts Payable Subledger Is

question 65

Multiple Choice

An Accounts Payable subledger is

• A) A subsidiary ledger that contains an account for each supplier that grants credit to the company
• B) A list of the balances of all the accounts in the Accounts Receivable ledger that is added to show the total amount of accounts receivable outstanding
• C) A book of original entry that is designed and used for recording only a specified type of transaction
• D) The ledger that contains the financial statement accounts of a business
• E) A subsidiary ledger that contains a separate account for each customer that grants credit to the company

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Definitions:

Long-Term Memory

Long-term memory is the capacity to hold vast amounts of information, from facts to experiences and skills, for long periods, ranging from hours to a lifetime.

Anterograde Amnesia

A condition characterized by an inability to form new memories following the onset of the disorder, though recall of events prior may remain intact.

Hippocampus

A key region of the brain involved in the formation of new memories and associated with learning and emotions.

Retrograde Amnesia

A type of amnesia where an individual loses existing memories to some extent but does not usually affect the ability to form new ones.