Which of the Following Accounts Normally Has a Subsidiary Ledger

question 41

Multiple Choice

Which of the following accounts normally has a subsidiary ledger?

• A) capital stock
• B) retained earnings
• C) supplies
• D) accounts payable

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Definitions:

Near Monopolies

Near monopolies refer to markets where one or a few companies dominate, significantly limiting competition.

Licenses

Legal permits granted by an authority, allowing individuals or companies to carry out certain activities or businesses that would otherwise be unlawful.

Economies of Scale

The cost advantage achieved by an enterprise when production becomes efficient, as costs can be spread over a larger amount of goods.

Market Demand

The total quantity of a good or service that all consumers are willing and able to purchase at various prices during a given period.