The Subsidiary Ledger That Includes Customer Account Activity Is Called

question 74

Multiple Choice

The subsidiary ledger that includes customer account activity is called the

• A) asset ledger
• B) accounts payable ledger
• C) expense ledger
• D) accounts receivable ledger

---

Definitions:

Budgeted Cost

An estimate of the financial expenditure for a particular operation, project, or production process over a set period.

Raw Materials

Basic substances or components that are processed or transformed into a finished product.

Credit Sales

Sales made by a business where the payment is deferred to a later date, typically involving issuing an invoice to the customer.

Finished Goods Inventory

The completed products that are ready to be sold but have not yet been sold to customers.