Subsidiary Ledgers

question 26

Multiple Choice

Subsidiary ledgers

• A) are used only for Accounts Payable and Accounts Receivable
• B) may be used for various ledger accounts
• C) may be used for only for the Cash account
• D) are never used for more than four accounts

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Definitions:

Confounds

Confounds refer to variables that the researcher failed to control or eliminate, which can cause a potential alternative explanation for the findings in a study.

Precise Matching

The act of exactly aligning or fitting two or more elements together based on specific characteristics or criteria.

Replication

The process of duplicating an experiment or research study to confirm its findings in another context or sample.

Fluke

An unlikely coincidence or an accidental success, often seen as luck rather than the result of skill or planning.