_____ Includes Transactions That Support Revenue Generation by Generating Demand

question 64

Multiple Choice

_____ includes transactions that support revenue generation by generating demand for goods and services,offering sales support and customer service,facilitating communication between business partners,and similar activities.

• A)E-commerce
• B)E-business
• C)E-procurement
• D)E-collaboration

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Definitions:

Subsidiary Ledgers

Detailed ledgers that contain information supporting accounts listed in the general ledger, such as details on accounts receivable, accounts payable, etc.

Subsidiary Ledgers

Detailed records that contain information about specific accounts, which together support and reconcile with summary amounts in the general ledger.

Daily Postings

The routine process of recording transactions in the books of accounts or ledgers on a daily basis to ensure financial records are up-to-date.

Control Account

An account in the general ledger used to simplify the recording of transactions and track the total amounts for financial statement purposes, often summarizing the details that are held in a subsidiary ledger.