Author Question: Some of the more common subsidiary ledgers are a. accounts payable, accounts receivable, and ... (Read 121 times)

Ebrown · **on:** Jul 5, 2018

Some of the more common subsidiary ledgers are
a. accounts payable, accounts receivable, and owner's equity subsidiary ledgers
b. accounts receivable and accounts payable subsidiary ledgers
c. accounts receivable, accounts payable, cash, checking, petty cash, and owner's equity subsidiary ledgers
d. cash and owner's equity subsidiary ledgers

Question 2

To compute a government's debt burden, which of the following is the most appropriate denominator?

a. current liabilities
b. accounts receivable
c. full value of taxable real property
d. pension benefits paid in the preceding year