The Subsidiary Ledger That Includes Customer Account Activity Is Called

question 74

Multiple Choice

The subsidiary ledger that includes customer account activity is called the

• A) asset ledger
• B) accounts payable ledger
• C) expense ledger
• D) accounts receivable ledger

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Definitions:

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

Markup Percent

The proportion by which the price of an item is marked up to establish its retail price.

Markup Percent

The percentage increase on the cost price of goods to determine the selling price, representing the profit margin.

Cost

The amount of money required to purchase, produce, or maintain something, often considered in business and financial contexts.