A List of Credit Customers Is Called A(n)

question 71

Multiple Choice

A list of credit customers is called a(n) :

• A)Accounts Payable subsidiary ledger.
• B)general ledger.
• C)Accounts Receivable subsidiary ledger.
• D)general journal.

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Definitions:

Equity Method

An accounting technique used to record investments where the investor has significant influence but does not control the investee.

Net Income

The remaining earnings of a company after subtracting total expenses and taxes from its gross revenue.

Dividends

Payments made by a corporation to its shareholders, usually out of profits or reserves.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; a key indicator of financial health.