Which of the following is NOT a category of this city-ledger set?
A) Late charges
B) Travel agents
C) Banquet charges
D) Taxes payable
E) None of the above; that is, they are all city-ledger categories

Question

Quizplus · Accepted Answer

Taxes payable is not a category of the city ledger set. The city ledger typically includes accounts receivable items such as late charges, travel agent commissions, and banquet charges, but not taxes payable, which is a liability account.

Which of the Following Is NOT a Category of This