A Subsidiary Ledger Is ________

question 42

Multiple Choice

A subsidiary ledger is ________.

• A) an accounting journal designed to record a specific type of transaction
• B) a created list of accounts used by a business entity to define each class of items for which cash is spent or received
• C) a complete record of business transactions recorded in a ledger over the life of a company
• D) a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account

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Definitions:

Transportation Costs

The expenses associated with moving goods from one location to another, including shipping fees, fuel charges, and labor.

Bill of Lading

A legal document between a shipper and a carrier detailing the type, quantity, and destination of the goods being transported.

Carrier

An entity or company that provides transportation services for goods, specializing in moving products from one location to another.

Claim

An assertion of the truth of something, typically one that is disputed or in doubt.