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:

Magnetic Field

A field around a magnetic material or a moving electric charge within which the force of magnetism acts.

Law of Charges

A fundamental principle stating that like charges repel and opposite charges attract, with the force of attraction or repulsion decreasing with distance.

Like Polarity

Term referring to the same electrical charge or magnetic direction between two points or objects.

Unlike Polarity

Refers to the condition where two or more magnetic or electrical fields have orientations that are opposite to each other.