Accounts That Provide Supporting Details for a Control Account in the General

question 79

Multiple Choice

Accounts that provide supporting details for a control account in the general ledger are known as a:

• A)special journal.
• B)control account.
• C)spreadsheet.
• D)subsidiary ledger.

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Definitions:

Cost Per Unit

The total expense incurred to produce, store, and sell one unit of a product or service.

Resource Markets

Markets where productive inputs like labor, machinery, and raw materials are bought and sold, facilitating the production of goods and services.

Product Market

The marketplace in which final goods or services are offered to consumers, businesses, and the public.

Circular Flow Model

An economic model illustrating the continuous movement of goods, services, and money among households and businesses in an economy.