Examlex

Solved

Which of the Following Statements Is Probably True About the Very

question 45

Multiple Choice

Which of the following statements is probably true about the very first stars in the universe?


Definitions:

Control Account

A general ledger account that summarizes and controls the detailed data recorded in subordinate ledger accounts.

Subsidiary Ledger

A detailed ledger containing all account details and transactions for individual component accounts that roll up into a general ledger summary account.

Special Journals

Accounting books designed for recording specific types of transactions in a detailed and efficient manner.

Purchases Journal

A special journal that records all purchases of merchandise on account.

Related Questions