Examlex
Which of the following displays these two characteristics: rivalry and non-excludability?
General Ledger
A comprehensive ledger that contains all the financial accounts of a business, recording every transaction that occurs.
Accounts Receivable Subsidiary Ledger
A detailed ledger that tracks individual transactions with customers, supporting the summary balances shown in the main accounts receivable account.
Accounts Payable
Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.
Nominal Accounts
Accounts that are closed at the end of each accounting period; includes revenue, expense, and withdrawal accounts.
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