A Ledger That Contains a Separate Account for Each Customer

question 92

Multiple Choice

A ledger that contains a separate account for each customer is called an accounts receivable:

• A) control ledger
• B) current ledger
• C) trade ledger
• D) subsidiary ledger

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Definitions:

Units

A measurement of quantity, such as items, hours, or other measures, used in the organization or operation of businesses.

Direct Labor

The wages and benefits paid to employees who are directly involved in the production process of a company's products or services.

Factory Overhead

Any costs related to the production process that are not directly tied to the creation of the product, such as utilities, maintenance, and wages for non-production staff.

Printing Department

The printing department is a specialized division within an organization or a dedicated facility that focuses on producing printed materials, such as documents, books, or promotional materials.