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What is web content that is created and updated by many users for many users?
Merchandise Inventory
Items that a business possesses with the intention of selling them to consumers.
Accounts Payable
Amounts a company owes to creditors for goods or services that have been bought on credit and are payable within a specified period.
Subsidiary Ledger
A detailed ledger that contains the details of transactions for individual accounts, which then summarize into the general ledger.
Control Account
An account in the general ledger used to summarize and consolidate transactions from multiple subsidiary accounts.
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