The Accounts Payable Subsidiary Ledger Has Postings from Which Set

question 31

Multiple Choice

The accounts payable subsidiary ledger has postings from which set of journals?

• A)Purchases, general and cash payments
• B)Sales, cash payments and general
• C)Purchases, cash receipts and sales
• D)Purchases, general and cash receipts

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Definitions:

Tort Action

A lawsuit or legal action based on civil wrongs not arising from contracts, which can lead to a remedy in the form of damages or other relief.

Store Detective

An individual employed by a retail establishment to prevent theft by detecting and apprehending shoplifters.

False Imprisonment

The act of restraining a person's freedom of movement without lawful justification.

Self-Defence

The act of defending oneself, one's property, or another person from physical harm, using reasonable force as permitted by law.