question archive 1) Which of the following scenarios would use a purchases subsidiary ledger? Maybelle wants to know which customers have been late on their payments
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1) Which of the following scenarios would use a purchases subsidiary ledger?
Maybelle wants to know which customers have been late on their payments.
Trudy wants to know which suppliers have raised their prices in the past year.
John wants to identify his top 20 customers.
Ann Marie wants to determine whether to extend more credit to a customer.
2) Charlie's order of shoes is the freight at the manufacturer's warehouse in Hong Kong, and he has agreed to the FOB shipping point method.
Who owns the freight when the shoes are at the Hong Kong loading docks, ready to be shipped to New York?
The shipping company
Charlie’s customer
Charlie
The supplier
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