Which One of the Following Statements Is True

question 135

Multiple Choice

Which one of the following statements is true?

• A)When a company uses a subsidiary ledger,the balance in the control account,Accounts Receivable,shows only the amount the company expects to collect from the accounts receivable,net of any expected uncollectible accounts.
• B)An accounts receivable subsidiary ledger represents amounts due to vendors and suppliers.
• C)The balance in the control account,Accounts Receivable,should be equal to the sum of the balances in the subsidiary ledger for accounts receivable.
• D)A subsidiary ledger takes the place of the control account for some companies.

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Definitions:

Civilian Conservation Corps

A public work relief program in the United States for young men from unemployed families, operative during the Great Depression, focused on natural resource conservation.

Dominican Republic

A country located on the island of Hispaniola in the Caribbean region, sharing the island with Haiti.

Cuban Invasion

Commonly refers to the Bay of Pigs Invasion in 1961, where a force of Cuban exiles, sponsored by the U.S., attempted to overthrow the Cuban government of Fidel Castro.

Urban Areas

Regions characterized by higher population density and vast human features in comparison to areas surrounding it.