Customers' Individual Accounts Are Included in a Subsidiary Ledger Referred

question 80

Multiple Choice

Customers' individual accounts are included in a subsidiary ledger referred to as the

• A) accounts payable ledger.
• B) controlling ledger.
• C) miscellaneous ledger.
• D) accounts receivable ledger.
• E) general ledger.

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Definitions:

Inventory

Items or goods held by a company for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.