Author Question: The customers subsidiary ledger is controlled by the general ledger account entitled Accounts ... (Read 94 times)

yoooooman · **on:** Jul 5, 2018

The customers subsidiary ledger is controlled by the general ledger account entitled Accounts Payable.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The cash flow statement includes ________.

A) cash discount on sales
B) cash outflow towards insurance premium
C) sales revenues of the organization
D) interest accrued on an investment