Which of the Following Is an Archive File

question 6

Multiple Choice

Which of the following is an archive file?

• A)an accounts payable subsidiary ledger
• B)a cash receipts file
• C)a list of approved suppliers
• D)a file of accounts receivable that have been written off

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Definitions:

Paid For Equipment

Refers to the cash outflow for the purchase of equipment, considered a capital expenditure in accounting.

Purchased On Account

Transactions where goods or services are bought on credit, with payment to be made at a later date.

Accounts Receivable

Amounts due to a firm from its clients for goods or services delivered but not yet compensated for.

Subsidiary Ledgers

Detailed records that contain information about specific accounts, supporting the totals recorded in the general ledger.