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:

Expectancy Theory

A motivational theory suggesting that an individual's motivation is based on their expectation that effort will lead to performance and performance will lead to desired rewards.

Sales-Based Commissions

Sales-based commissions are payments made to employees based on the volume or value of sales they generate, typically a percentage of sales revenue.

Task Behaviour

The actions and activities an individual undertakes as part of their job responsibilities or duties.

Reward System

A structured set of incentives and criteria designed to motivate employees and improve their performance.