A CR5 Posting Reference in a Subsidiary Ledger Signifies That the the ________

question 49

Multiple Choice

A CR.5 posting reference in a subsidiary ledger signifies that the ________.

• A) posting is transferred from the cash receipts journal, page 5
• B) transaction on page number 5 is credited
• C) amount credited is after a 5% discount
• D) sales on credit is expected to be paid within five days

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Definitions:

Federal Economic Policy

Strategies and actions by the federal government aimed at managing and shaping the economy, through measures like taxation, spending, and monetary regulation.

Dot Com Bubble

A period of excessive speculation and investment in Internet-related companies during the late 1990s, leading to a market crash in 2000.

Stock Market

A public marketplace for buying and selling shares of publicly held companies, reflecting the economic trends and financial health of businesses and countries.