When Using a Subsidiary Ledger, the Accounts Receivable Account in the General

question 43

Multiple Choice

When using a subsidiary ledger, the Accounts Receivable account in the general ledger is called the:

• A) primary account.
• B) subsidiary account.
• C) receivable account.
• D) controlling account.

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Definitions:

Working Class

A socio-economic group consisting of people employed in manual or industrial work, often associated with lower wages and limited access to educational opportunities.

Corrupt Institutions

Organizations characterized by dishonest or fraudulent conduct by those in power, typically resulting in exploitation.

Labor Movement

A collective organization of workers and unions aimed at improving workers' rights, conditions, and political power.

Craft Unions

Labor unions that represent workers in specific trades or professions, focusing on skills training, professional development, and standards within their craft.