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:
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