Which Account Is Least Likely to Have a Subsidiary Ledger

question 98

Multiple Choice

Which account is least likely to have a subsidiary ledger?

• A)sales
• B)accounts receivable
• C)fixed assets
• D)inventory

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Definitions:

Objective Measures

Quantitative assessments based on observable and verifiable facts, used to evaluate performance or progress.

Sales Manager

A professional responsible for directing and overseeing a company's sales team to meet or exceed sales targets.

Commission

A fee paid to an agent or employee for facilitating a transaction or sale, typically a percentage of the sale price.

Sales Dollars

The total revenue generated from goods or services sold, measured in monetary units.