________ Is a Feature of Social Institutions That Means Mechanisms

question 70

Multiple Choice

________ is a feature of social institutions that means mechanisms are in place to determine responsibility for an action.

• A)Due process
• B)Accountability
• C)The courts of appeal
• D)The judicial system
• E)Liability

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Definitions:

Accounts Receivable

Financial accounting of money owed to a business by its clients or customers for goods or services provided on credit.

Subsidiary Ledger

A subsidiary ledger is a detailed list to support a general ledger account, such as accounts receivable or accounts payable, where individual transactions with entities or items can be tracked.

Supplemental Ledger

Supplemental ledger is an accounting ledger used for keeping detailed information that supports figures stated in the general ledger, providing additional details or breakdowns.

Primary Ledger

The main accounting record used by a business to keep track of all the financial transactions.