The Accounts Payable Account in the General Ledger Is

question 102

Multiple Choice

The Accounts Payable account in the general ledger is:

• A) A controlling account for the subsidiary accounts payable ledger.
• B) The account that controls the purchases journal.
• C) The subsidiary account to the purchases journal.
• D) Part of a special journal.
• E) Part of a subsidiary ledger.

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Definitions:

Medium-Sized

Referring to something that falls approximately in the middle of a scale or range in terms of size or capacity.

Informational Influence

The change in opinions or behavior that occurs when an individual conforms to what they believe to be the correct response in a specific context, often based on the information provided by others.

Ambiguous Situations

Scenarios or events that lack clear context or guidelines, leading to uncertainty in perception or decision-making.

Pluralistic Ignorance

A psychological state where individuals wrongly believe their thoughts, feelings, or behaviors are different from those of the majority, often leading to conformity with perceived norms.