Amounts Are Posted Individually from the Purchases Journal to The

question 87

Multiple Choice

Amounts are posted individually from the purchases journal to the:

• A)accounts payable subsidiary ledger.
• B)cash account in the general ledger.
• C)inventory account in the general ledger.
• D)accounts payable account in the general ledger.

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Definitions:

Welfare State

A system in which the government undertakes to protect the health and well-being of its citizens, especially those in financial or social need, by means of grants, pensions, and other benefits.

Health Care

Organized provisions of medical services to individuals or communities, including preventative, curative, palliative, and rehabilitative care.

Unemployment Insurance

A government-provided insurance that offers financial assistance to individuals who have lost their jobs through no fault of their own.

Food Stamps

A government assistance program that provides low-income individuals and families with a means to purchase food.