Which of the Following Statements Is Correct

question 12

Multiple Choice

Which of the following statements is correct?

• A) A subsidiary ledger requires double entry accounting.
• B) A business with three debit customers would need to set up an accounts payable subsidiary ledger.
• C) A manual accounting system that has both a control account and a subsidiary ledger for creditors requires transactions for creditors to be recorded twice.
• D) Every business must have special journals to record transactions for returns of goods.

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Definitions:

Complicated Computers

Advanced computing machines that perform complex calculations or tasks, often requiring sophisticated hardware and software.

Human Biology

The scientific study of the human body, its structure, function, development, and evolution.

Organized System

A structured set of components or entities that are interrelated and work together to achieve a particular goal or set of goals.

Assumptions

Accepted beliefs or statements taken for granted without proof.