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Answer the question or give an explanation.
-List some advantages and disadvantages for a merchant to accept credit cards.
Control Account
An account in the general ledger that summarizes subsidiary ledger data.
Control Account
A summary account in the general ledger that consolidates the total amounts recorded in subsidiary ledgers.
Manufacturing Overhead
All indirect costs associated with the production process, including utilities, rent, and salaries for non-direct labor.
Raw Materials Inventory
The total cost of all components and raw materials that a company has in stock, which are intended to be used in the production of finished goods.
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