Entries in the Purchases Journal Are Posted to The

question 65

Multiple Choice

Entries in the purchases journal are posted to the:

• A)general ledger only.
• B)general ledger and the accounts payable subsidiary ledger.
• C)accounts payable subsidiary ledger and the purchases ledger.
• D)accounts payable subsidiary ledger only.

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Definitions:

Financial

Refers to matters related to money, investments, lending, budgeting, saving, and forecasting.

Marketing Sections

Divisions within a business or organization focused on developing strategies to promote products or services to potential customers.

Inadequate Financing

Situations where there is not enough capital or funding available to support a business's operations or growth plans.

Niche Marketers

Businesses or persons specializing in targeting and serving a specific segment of the market with particular products or services.