Accounts Receivable and Accounts Payable are examples of
A) nominal accounts.
B) controlling accounts.
C) subsidiary ledger accounts.
D) both nominal accounts and controlling accounts.
Correct Answer:
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Q54: A one column purchases journal indicates that
A)
Q55: A company would not likely use subsidiary
Q56: A subsidiary ledger is
A) used in place
Q57: The one characteristic that all entries recorded
Q58: The composite balance of individual accounts in
Q60: The individual amounts in the sales journal
Q61: The individual amounts in the Accounts Payable
Q62: Which one of the following columns in
Q63: The use of special journals to record
Q64: The entries in a sales journal will
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