A Record That Contains the Details by Customer or Vendor

question 115

Multiple Choice

A record that contains the details by customer or vendor of the individual account balances would be called a:

• A)control account.
• B)subsidiary ledger.
• C)journal.
• D)liability account.

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Definitions:

Ability

The possession of the means or skill to do something, often referring to natural aptitudes or acquired competencies.

Objective Happiness

The measurement of happiness based on external and more quantifiable factors, as opposed to subjective feelings and experiences.

Positive Life Circumstances

Situations or conditions in one's life that contribute to well-being and potentially lead to positive outcomes.

Subjective Happiness

An individual's self-reported level of happiness or contentment with life, often measured through questionnaires or personal assessments.