The General Ledger Account That Corresponds to a Subsidiary Ledger

question 62

Multiple Choice

The general ledger account that corresponds to a subsidiary ledger account is known as a(n)

• A)dependent account.
• B)control account.
• C)credit account.
• D)attribute account.

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Definitions:

Optimal Consumption

A situation in consumer behavior where the combination of goods and services purchased maximizes utility for the consumer, given their budget constraints.

Loaves

Units of bread that are shaped and baked in a specific size and form.

Pounds

A unit of weight commonly used in the United States and the British Imperial system, equivalent to 0.453592 kilograms.

Consumer Equilibrium

The state in which the allocation of goods and services aligns with consumer preferences, and marginal utility per unit of expenditure is equal across all goods.