A Subsidiary Ledger

question 106

Multiple Choice

A subsidiary ledger:

• A)Includes transactions not covered by special journals.
• B)Is a listing of all of the accounts of a business.
• C)Is a listing of individual accounts with a common characteristic.
• D)Is also called a general ledger.
• E)Is also called a special journal.

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Definitions:

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An unwritten guarantee that the product will meet a minimum level of quality implying that it is fit for sale as intended.

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