What Type of Account in the General Ledger Has a Related

question 83

Multiple Choice

What type of account in the general ledger has a related subsidiary ledger?

• A) Detail
• B) Chart
• C) Control
• D) General

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company uses its assets by calculating the number of times average accounts receivable are collected during a specific period.

Acceleration

The rate at which the velocity of an object changes over time, including increases and decreases in speed or changes in direction.

Preceding Year

The year that immediately comes before the current year in a chronological sequence.

Unusual Item

An uncommon or rare financial transaction or event that is reported separately in financial statements due to its significance.