Assume That a Company Has Only Four Customers: A,B,C and D.The

question 19

Multiple Choice

Assume that a company has only four customers: A,B,C and D.The accounts receivable balance in the general ledger is $8683 and the accounts receivable subsidiary ledger of customers A,C and D have $1846,$3196 and $3440,respectively.Calculate the amount in the accounts receivable subsidiary ledger account of customer B.

• A)$891
• B)$8482
• C)$2047
• D)$201

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Definitions:

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Work in Progress

This term indicates ongoing projects or tasks that are currently under development and not yet complete.

Business Plan

A detailed document outlining the strategy, goals, financial projections, and operational guidelines for a business.