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:

Customer Satisfaction

A measure of how products or services provided by a company meet or surpass customer expectation.

Citrus Juice

The liquid extract from citrus fruits like oranges, lemons, and grapefruits, rich in vitamins and often consumed for its health benefits.

Salad Dressing

A mixture of ingredients like oil, vinegar, herbs, and seasonings applied to salads to enhance their flavor.

Quarter's Profit

The net income or earnings generated by a company during a specific quarter of its fiscal year.