When a Company Holds a Large Number of Notes Receivable

question 105

True/False

When a company holds a large number of notes receivable it sometimes sets up a controlling account and a subsidiary ledger for notes.

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Definitions:

Parallel Connection

A way of connecting electrical components in a circuit side by side, so each component is directly connected to the voltage source, and the voltage is the same across all components.

Frequency Source

A device or component that generates a steady and specific frequency of electrical signal.

Capacitive Reactance

The opposition that a capacitor presents to the change in voltage, measured in ohms.

Frequency Source

An electronic component or circuit that generates a signal of a specific frequency, used in various types of electronic equipment.