A Subsidiary Ledger

question 60

Multiple Choice

A subsidiary ledger:

• A) Includes transactions not covered by special journals.
• B) Is a listing of all of the accounts of a business.
• C) Is a listing of individual accounts and amounts with a common characteristic.
• D) Is also called a general ledger.
• E) Is also called a special journal.

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Definitions:

Marginal Product

The extra output that comes from increasing a particular input by one unit, while keeping all other inputs unchanged.

Marginal Revenue Product

The extra revenue generated by employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The additional revenue generated from using one more unit of a resource.

Additional Revenue

The increase in income received from selling one more unit of a product or service.