In Developing Forecasts of Expenses the Analyst Must Take into Consideration

question 37

Short Answer

In developing forecasts of expenses the analyst must take into consideration that expenses can be broken down into ________________________ or ______________________ components.

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the individual accounts necessary to support a major (control) account organized in the general ledger.

Alphabetically

Ordered or arranged in accordance with the sequence of the letters of the alphabet.

Accounts Receivable Subsidiary Ledger

A detailed ledger that contains individual customer accounts and tracks their transactions separate from the general ledger.

Revenue Ledger

A division of the general ledger where all income transactions of a business are recorded, including sales, interest, and dividends.