Matching
Match the statements below with the appropriate item
Premises:
A general ledger account that summarizes detailed information in a subsidiary ledger.
A subsidiary ledger that contains accounts with individual creditors.
A special journal with more than one column.
Detailed information about a group of accounts with a common characteristic.
Used to record high volume, similar type transactions.
Responses:
Accounts payable ledger
Columnar journal
Special journals
Subsidiary ledger
Control account
Correct Answer:
Premises:
Responses:
A general ledger account that summarizes detailed information in a subsidiary ledger.
A subsidiary ledger that contains accounts with individual creditors.
A special journal with more than one column.
Detailed information about a group of accounts with a common characteristic.
Used to record high volume, similar type transactions.
Premises:
A general ledger account that summarizes detailed information in a subsidiary ledger.
A subsidiary ledger that contains accounts with individual creditors.
A special journal with more than one column.
Detailed information about a group of accounts with a common characteristic.
Used to record high volume, similar type transactions.
Responses:
Related Questions
Q66: The process of determining the present value
Q71: The _ of an annuity is the
Q244: Match of the following.
Q245: Match the statements below with the appropriate
Q247: Below are some typical transactions incurred by
Q248: Gates Company maintains four special journals and
Q249: Match the statements below with the appropriate
Q250: Match the to the procedures listed below
Q251: Match the statements below with the appropriate
Q309: To compute the present value of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents