Which of the Following Impacts to the General Ledger Accounts

question 68

Multiple Choice

Which of the following impacts to the general ledger accounts result when a company pays a vendor invoice?

• A)The bank account is credited.
• B)The vendor subledger account is debited.
• C)The bank account is debited.
• D)The vendor subledger account is credited.
• E)The accounts payable reconciliation account is debited.

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Definitions:

Grievance

Formal complaint filed by an employee or a union that management is violating some provision of a union contract.

Mediation

Dispute resolution process that uses a third party, called a mediator, to make recommendations for settling labor–management differences.

Strike

Temporary work stoppage by employees until a dispute is settled or a contract signed.

Lockout

Management decision to put pressure on union members by closing the firm.