In 2004,___________ Exceeded the United States in Value of Exports

question 120

Multiple Choice

In 2004,___________ exceeded the United States in value of exports becoming the world's largest exporter.

• A)China
• B)Japan
• C)Canada
• D)Germany

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the supporting documents for accounts in the general ledger, used to track specific details, such as customer accounts.

Received Cash

The inflow of cash to a business, recorded on the financial statements when cash is received from customers, loans, or other sources.

Accounts Payable Subsidiary Ledger

A detailed ledger that contains all individual transactions related to accounts payable.

Payments To Creditors

Money paid out by a business to settle debts owed to suppliers or lenders for goods, services, or loans.