Tangibility Refers to __________

question 89

Multiple Choice

Tangibility refers to __________.

• A)The service delivered with the product
• B)The ability to create a combination of product and service
• C)The physical aspect of a product
• D)The value of the product in the market
• E)None of these

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Definitions:

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which rolls up into the general ledger.

Controlling Account

A controlling account is a summary account in the general ledger that consolidates and reflects the total balance of all subsidiary accounts related to it.

General Ledger

The primary accounting record used to track all of a company's financial transactions, summarized from subsidiary ledgers.

Revenue Journal

An accounting journal used to record the company's revenue transactions systematically.