Multiple Choice
The Accounts Receivable ledger is
A) Used for recording credit sales
B) Used for storing transaction data for individual customers
C) Used for storing transaction data for individual creditors
D) Used for recording cash receipts from customers
E) Also the controlling account
Correct Answer:
Verified
Correct Answer:
Verified
Q65: An Accounts Payable subledger is<br>A) A subsidiary
Q66: A special journal is any journal used
Q67: An MIS is designed to<br>A) Ensure reliable
Q68: The general rule for posting is that
Q69: Accounting information systems<br>A) Collect and process data
Q71: The general rule for posting to a
Q72: The MIS is a subsystem of the
Q73: Items posted from the General Journal carry
Q74: Equipment, inventory, and investments may also need
Q75: Most of the transactions of a merchandising