Description of this paper

Loading

The general ledger account representing the subsidiary ledger is-(Answered)

Description

Instant Solution ? Click "Buy button" to Download the solution File


Question

The general ledger account representing the subsidiary ledger is known as a control account because:

Select one:

a. inclusion of both control accounts and subsidiary ledger accounts in the general ledger improves controlb. the accuracy of the detailed accounts in the subsidiary ledger can be checked against the aggregate data and the balance contained in itc. both of the above are correctd. none of the above are correct


 

Paper#9210652 | Written in 27-Jul-2016

Price : $19
SiteLock