The Composite Balance of Individual Accounts in the Accounts Payable

question 118

Multiple Choice

The composite balance of individual accounts in the accounts payable subsidiary ledger must

• A) equal the composite balance of the individual accounts in the accounts receivable subsidiary ledger.
• B) always be zero.
• C) equal the balance of the accounts payable account in the general ledger.
• D) agree with the total of the Accounts payable column in the cash receipt journal.

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Definitions:

Logistical

Related to or involving the detailed organization and implementation of a complex operation or the movement and supply of resources.

Superordinate Categories

High-level classification groups that encompass more specific instances or members, based on common properties or characteristics.

Stereotyping And Prejudice

The process and practice of making oversimplified and generalized judgments about individuals or groups based on perceived characteristics, often leading to unfair biases.

Recategorization

The process of redefining or changing the classification of something, often to aid in understanding or grouping.