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Identify and State the Historical Significance of the Following

question 37

Short Answer

Identify and state the historical significance of the following:
-Marshall Plan


Definitions:

Accounts Receivable Subsidiary Ledger

is a detailed ledger showing individual transactions and balances for customers who owe money to the business, supplementing the general ledger.

Control Account

A general ledger account that summarizes and controls the total amounts recorded in subsidiary ledgers.

Cash Sales

Transactions where payment is made in cash at the time of purchase.

Monthly

Pertaining to or calculated for a period of one month.

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