A Subsidiary Ledger That Contains a Separate Account for Each

question 33

Multiple Choice

A subsidiary ledger that contains a separate account for each supplier (creditor) to the company is a(n) :

• A) Controlling account.
• B) Special journal.
• C) Accounts receivable ledger.
• D) General ledger.
• E) Accounts payable ledger.

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Definitions:

Price-elastic

A characteristic of goods where their demand or supply changes significantly when their price changes.

Emergency Visits

Instances when individuals seek immediate medical attention and care in a hospital's emergency department, often due to accidents or sudden illnesses.

Doctor

A professional who practices medicine, which is concerned with promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater indicating a more sensitive change.