A Ledger That Contains a Separate Account for Each Customer

question 168

Multiple Choice

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

• A) general ledger.
• B) trade ledger.
• C) control ledger.
• D) subsidiary ledger.

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Definitions:

Awareness

Conscious knowledge or perception of a situation, oneself, or the environment.

Cultural Variations

Differences in the behaviors, traditions, and practices among various cultural groups.

Provincialism

A narrow-mindedness or limited outlook that arises from paying attention only to what is local or immediate, often at the expense of broader perspectives.

Values Perspective

An outlook or approach emphasizing the importance of moral principles and ethical standards in decision-making.