The Total of the Customer Accounts Receivable Ledger at the End

question 3

Multiple Choice

The total of the customer accounts receivable ledger at the end of the accounting period must equal the total of the

• A) creditors' accounts payable ledger.
• B) Accounts Payable account in the general ledger.
• C) Accounts Receivable account in the general ledger.
• D) Accounts Receivable Credit column in the cash receipts journal.
• E) Accounts Receivable Debit column in the cash receipts journal.

---

Definitions:

Output

The total amount of goods or services produced by a firm or country.

Demand

How much of a good or service that consumers can and want to buy, influenced by differing price levels.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, representing the surplus generated from economic activities.

Technological Change

A change in the methods, equipment, and software used by a society, improving efficiency, productivity, and quality of life.