A Subsidiary Ledger That Contains a Separate Account for Each

question 109

Multiple Choice

A subsidiary ledger that contains a separate account for each supplier of the company is a(n) :

• A)Controlling account
• B)Accounts receivable ledger
• C)Accounts payable ledger
• D)General ledger
• E)Special journal

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Definitions:

Competitors

Other businesses that offer similar products or services in the same market as another business.

Debt to Total Assets Ratio

a financial ratio that indicates the percentage of a company's assets that are provided via debt, measuring the company's leverage.

Single Ratio

Single ratio refers to the calculation of a solitary financial metric that helps in assessing a specific aspect of a company's performance or financial health.

Liquidity Ratios

Financial metrics used to evaluate a company's ability to meet its short-term debt obligations by measuring how easily it can convert assets to cash.