Which of the Following Is an Example of Personal Finance

question 164

Multiple Choice

Which of the following is an example of personal finance software?

• A) Statsoft STATISTICA
• B) Adobe InDesign
• C) Intuit Quicken
• D) Both a and c

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Definitions:

Merchandise Inventory

Items that a business possesses with the intention of selling them to consumers.

Accounts Payable

Amounts a company owes to creditors for goods or services that have been bought on credit and are payable within a specified period.

Subsidiary Ledger

A detailed ledger that contains the details of transactions for individual accounts, which then summarize into the general ledger.

Control Account

An account in the general ledger used to summarize and consolidate transactions from multiple subsidiary accounts.