Which of the Following Statements Is True

question 54

Multiple Choice

Which of the following statements is true?

• A) There is double entry recording in a subsidiary ledger.
• B) A business with three credit customers would need to set up an accounts receivable subsidiary ledger.
• C) With a manual accounting system, where there is a control account and a subsidiary ledger for debtors, transactions for debtors must be recorded twice.
• D) Every business needs to set up special journals for returns transactions.

---

Definitions:

People-Oriented

An approach or style that emphasizes the importance of fostering positive relationships among team members and valuing their well-being and development.

Leadership Perception

The way individuals view and interpret the qualities and effectiveness of leadership within an organization or group.

Implicit Leadership Theory

Implicit Leadership Theory suggests that people have ingrained beliefs and perceptions about what qualities leaders should possess and how they should behave, influencing their evaluations of leadership effectiveness.

Transformational Leadership

A type of leadership that inspires followers to transcend their own self-interests for the good of the organization or community.