After Posting Is Completed in the Accounts Receivable Ledger and the General

question 61

Multiple Choice

After posting is completed in the accounts receivable ledger and the general ledger, the total of the accounts receivable ledger balances should equal the

• A) accounts payable account balance.
• B) accounts receivable account balance.
• C) cash account balance.
• D) net income amount.

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Definitions:

Social Mobility

The ability or movement of individuals or groups to move within or between social strata in a society.

Trend

A general direction in which something is developing or changing; in sociology, it may refer to patterns of behavior, fashion, or opinions among a particular group or society.

Feudal System

A system of social stratification based on a hereditary nobility who were responsible for and served by a lower stratum of forced laborers called serfs.

Closed Social Hierarchy

A social structure where individuals' positions are fixed based on aspects like birth, with little opportunity for mobility.