Identify the Statement Below That Is Not True with Regards

question 97

Multiple Choice

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

• A)Every credit sale is entered individually into the subsidiary ledger.
• B)Debits and credits in the subsidiary ledger must always equal.
• C)The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS.
• D)The total of the subsidiary ledgers must equal the control account.

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a specific input, ceteris paribus.

Average Product

The output produced per unit of input used; calculated by dividing the total product by the quantity of inputs.

Yards Raked

The total area of yards cleared of leaves or debris, serving as an indicator of performed maintenance or service activity.

Average Product

The output produced per unit of input, calculated by dividing total product by the quantity of input used in its production.