The Accounts Payable Subsidiary Ledger

question 41

Multiple Choice

The accounts payable subsidiary ledger:

• A) lists accounts alphabetically.
• B) lists accounts for which the company owes money.
• C) has a controlling account in the general ledger.
• D) All of the above are correct.

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Definitions:

Trait Approach

A leadership theory that suggests certain characteristics or personality traits are inherent in effective leaders and that these traits can be identified and developed.

Natural Leaders

Individuals who naturally possess leadership qualities and abilities, often emerging as leaders without formal authority.

Self-Managed Groups

Teams that operate autonomously, organizing their own tasks and making decisions collectively without traditional management structures.

Leadership Functions

The roles and responsibilities leaders perform to guide, motivate, and manage teams or organizations.