A Subsidiary Ledger

question 91

Multiple Choice

A subsidiary ledger

• A)is used to record infrequent or non-routine transactions.
• B)simplifies the process of recording large numbers of repetitive transactions.
• C)records all detailed data for any general ledger account that has individual sub-accounts.
• D)contains summary-level data for every account of the organization.

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A failure to meet a vital condition specified in a contract, which may justify the innocent party in terminating the contract and seeking damages.

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Adaptive Selling

A sales technique where the approach is tailored to the needs, wants, or interests of the customer, using feedback and interaction cues.

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A predefined sales technique or approach that follows a specific sequence or set of principles.