A Subsidiary Ledger

question 60

Multiple Choice

A subsidiary ledger:

• A) Includes transactions not covered by special journals.
• B) Is a listing of all of the accounts of a business.
• C) Is a listing of individual accounts and amounts with a common characteristic.
• D) Is also called a general ledger.
• E) Is also called a special journal.

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Definitions:

Networking

The activity of connecting with people for the purpose of exchanging information and growing professional or social relationships.

Face-to-Face Meeting

A direct interaction between two or more people in the same physical location, often for discussion or consultation.

Telephone

A communication device that allows two or more users to conduct a conversation when they are too far apart to be heard directly.

Referrals

Recommendations made by current customers to potential ones, often seen as a valuable source of new business for companies due to the high level of trust involved.