In a Cash Remittance Processing,the Open-Items Accounts Receivable File Serves

question 42

Multiple Choice

In a cash remittance processing,the open-items accounts receivable file serves as the

• A) billing data.
• B) credit sales journal.
• C) accounts receivable control account.
• D) subsidiary accounts receivable ledger.

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Definitions:

GDP

Gross Domestic Product; the total value of all goods and services produced over a specific time period within a country.

Per Capita GDP

The average economic output per person, calculated by dividing the Gross Domestic Product (GDP) of a country by its total population.

GPI

Genuine Progress Indicator, an alternative measure to GDP that takes into account the environmental and social costs of economic activity.

Per Capita Real GDP

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to represent the value of goods and services produced per person.