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Logistics Plus Is an Organization That Consolidates Shipments from Several

question 76

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Logistics Plus is an organization that consolidates shipments from several industrial firms into more efficient lot sizes so that they can be more efficiently transported. What type of transportation company is Logistics Plus?


Definitions:

Special Journal

A specialized accounting journal designed to record and summarize specific types of transactions efficiently.

Post. Ref.

A reference column in a journal entry that indicates the ledger account number where the entry appears, aiding in the tracking of transactions.

Posting Process

The act of transferring entries from the journal to the ledger accounts in bookkeeping.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which are then summarized in the general ledger.

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