A CR5 Posting Reference in a Subsidiary Ledger Signifies That the the ________

question 49

Multiple Choice

A CR.5 posting reference in a subsidiary ledger signifies that the ________.

• A) posting is transferred from the cash receipts journal, page 5
• B) transaction on page number 5 is credited
• C) amount credited is after a 5% discount
• D) sales on credit is expected to be paid within five days

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Definitions:

Production Process

The method or series of actions taken to manufacture goods or provide services, involving various stages of production from raw materials to finished products.

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.

Social Regulation

Regulations aimed at improving societal welfare by dictating how businesses can operate, focusing on issues like health, safety, and the environment.

Industrial Regulation

Governmental policies and regulations that control or direct economic activity, especially in specific sectors.