Please help. 1. Postings to the control accounts in the general ledger are made a. annually…

Please help.

1. Postings to the control accounts in the general ledger are made a. annually b. daily. c. monthly d. weekly 2. The balance of a control account in the general ledger a. must always be zero. b. must equal the amount of total assets. c. is always greater than the composite balance of individual accounts in a related subsidiary ledger. d. must equal the composite balance of individual accounts in a related subsidiary ledger. 3. Postings are made daily to the a. Accounts Receivable control account. b. Accounts Payable control account. c. Accounts Receivable subsidiary ledger. d. control accounts in the general ledger. 4. Postings are made daily to subsidiary ledgers so that a. employees are kept busy. b. debits equal credits. c. individual account information is kept current. d. the control account will balance to the subsidiary ledger. 5. Accounts Receivable and Accounts Payable are examples of a. nominal accounts. b. controlling accounts. subsidiary ledger accounts. d. c, both nominal accounts and controlling accounts. 6. The one characteristic that all entries recorded in a cash payments jounal have in common is a. that they all represent purchases of merchandise. b. a credit to the cash account. c. that they are all posted to the accounts payable subsidiary ledger. d. a debit to the accounts payable or purchases accounts. The primary source of revenue for a wholesaler is a. 7. investment income. b. service fees. c. the sale of merchandise. d. the sale of fixed assets the company owns. Sales revenue less cost of goods sold is called a. gross profit. b. net profit. c. net income. d. marginal income. 8.