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When asked to memorize the 15 letters, C I A C B S A B C F B I I R S, Mary reorganizes them into CIA, CBS, ABC, FBI, and IRS.Mary used the tactic of
Subsidiary Accounts
Detailed records that support or are linked to a general ledger account, providing specifics about transactions.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.
Accounts Receivable
The amount of money owed to a company by its customers for goods or services sold on credit.
Subsidiary Ledger
A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.
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