____________________ Controls, Which Use a Variety of Devices to Detect

question 15

Short Answer

____________________ controls, which use a variety of devices to detect the presence or absence of light, are used where physical contact is not needed or desired.

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Definitions:

Subsidiary Ledgers

Detailed ledgers that contain information about specific accounts, which then summarize into a control account in the general ledger.

Accounts Payable

Short-term liabilities of a company, representing amounts owed to creditors for goods or services received.

Accounts Receivable

Funds that customers owe to a business for goods or services that have been provided but remain unpaid.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest in the company.