Which Statement Concerning the Accounts Payable Subsidiary Ledger Is Incorrect

question 21

Multiple Choice

Which statement concerning the accounts payable subsidiary ledger is incorrect?

• A)It keeps track of amounts owing to individual creditors.
• B)The postings from the purchases journal are to the credit of the individual subsidiary ledger accounts.
• C)The debit entries equal the credit entries.
• D)None of the above are incorrect,i.e.all are correct statements.

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Definitions:

Stereognosis

The ability to recognize objects by touch alone, without the aid of vision, indicating intact sensory and cognitive functions.

Positive Romberg

A neurological test result indicating a loss of balance when the eyes are closed, suggesting issues with proprioception or the inner ear.

Ataxia

A neurological sign consisting of lack of voluntary coordination of muscle movements that can include gait abnormality, speech changes, and abnormalities in eye movements.

Homan Sign

A clinical sign often used in the diagnosis of deep vein thrombosis (DVT), identified by pain in the calf or popliteal region upon dorsiflexion of the patient's foot.