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:

Consistency

The quality of always acting or behaving in the same way, leading to predictable and reliable outcomes.

Elements Of Trust

Fundamental aspects that contribute to the establishment and maintenance of trust, such as reliability, competence, integrity, and communication.

Self-disclosure

The process where individuals share personal, private information about themselves to others, enhancing interpersonal understanding.

Risk

The possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.