Examlex
The accounts payable ledger has a controlling account in the general ledger and a separate subsidiary account for each creditor in the accounts payable ledger.
Arbitrage Opportunities
Situations where it is possible to simultaneously buy and sell an asset or security for a profit due to price differences across markets.
Allocationally Efficient
A state of resource distribution where it is impossible to improve the utility of one individual without impairing the utility of another.
Moving Average Line
A technical analysis tool that smooths out price data by creating a constantly updated average price over a specific period of time, often used to identify trends.
Technical Analyst
A professional who evaluates securities by analyzing statistics generated from trading activity, such as price and volume.
Q10: On October 31, Mayfair Co. received cash
Q19: An account is a record of increases
Q44: The ledger that contains the financial statement
Q56: The International Accounting Standards Board (IASB) issues
Q67: The main difference in the sales journal
Q83: A column in journal and ledger accounts
Q93: Enterprise resource planning software:<br>A) Refers to programs
Q99: An example of an investing activity is:<br>A)
Q154: The International Accounting Standards Board (IASB) is
Q164: U.S. government bonds are:<br>A) High-risk and high-return