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If Polka Cola prevents all of its retail outlets from selling any other competing soft drink,it is engaged in
Cash Payments Journal
An accounting journal used to record all cash payments made by a company, including expenses and debtor payments.
Control Account Balance
Refers to the total balance in a general ledger account that summarizes the balances of subsidiary ledger accounts.
Subsidiary Ledger
A ledger containing the details to support a summary line item in the General Ledger, such as accounts receivable or accounts payable.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business and is used to prepare financial statements.
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