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A Subsidiary Ledger That Contains a Separate Account for Each

Question 81

Multiple Choice

A subsidiary ledger that contains a separate account for each party that grants credit onaccount to the business is called a(n) :


A) Accounts Receivable Ledger.
B) Merchandise Inventory Ledger.
C) Controlling account.
D) Accounts Payable.
E) Accounts Payable Ledger.

Correct Answer:

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