Which of the Following Is True of an Accounts Payable

question 60

Multiple Choice

Which of the following is true of an accounts payable subsidiary ledger?

• A)It does not indicate the amount owed to each vendor.
• B)It shows only a single total for the amount owed on account.
• C)It lists vendors in alphabetical order, along with amounts paid to the vendors and the remaining amounts owed to them.
• D)Its format is entirely different from an accounts receivable subsidiary ledger.

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Definitions:

Life Expectancy

The average number of years a person is expected to live based on demographic factors such as current age and gender, typically derived from statistical analysis.

Literacy Rate

The percentage of people within a population who are able to read and write at a specified age.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, measured by changes in the gross domestic product (GDP).

Real Per Capita Output

The amount of goods and services produced per person, adjusted for inflation, indicating the economic well-being of a country's citizens.