$$\text { Match each subsidiary ledger and general ledger posting to one of the descriptions of activities } ( a - e ) \text {. }$$

question 171

Short Answer

$$\text { Match each subsidiary ledger and general ledger posting to one of the descriptions of activities } ( a - e ) \text {. }$$
-Accounts payable subsidiary ledger/Accounts Payable Dr.
a. Purchases on account
b. Collections from customers on account
c. Adjustment for expired insurance
d. Payments to creditors on account
e. Sales on account

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Definitions:

Organizing

The process of arranging, structuring, and allocating resources and responsibilities to achieve objectives.

Top Managers

Individuals at the highest level of organizational management who have the responsibility of setting policies, defining the company's direction, and making strategic decisions.

Management Functions

Traditional categorization of the primary roles of management into planning, organizing, leading, and controlling.

Line Managers

Supervisors responsible for managing employees and overseeing their work on a day-to-day basis.