Subsidiary Ledgers Are Used in Manual Accounting Environments

question 54

Multiple Choice

Subsidiary ledgers are used in manual accounting environments.What file is comparable to a subsidiary ledger in a computerized environment?

• A)archive file
• B)reference file
• C)transaction file
• D)master file

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Definitions:

Promissory Note

A signed document containing a written promise to pay a stated sum to a specified person at a specified date or on demand.

Missing Value

The unavailability or lack of specific information that is expected to be in a dataset, record, or analytical equation.

Promissory Note

A legal document in which the writer promises to pay a specified sum of money to a designated party at a future date or on demand.

Simple Interest

A method to calculate the interest charged on a loan, based on the original principal amount, the rate of interest per period, and the number of time periods.