In Accounting A subsidiary ledger_ i) Replaces the general ledger ii) Contains only summary entries iii) Provides detailed records supporting a control account iv) Is optional in all cases
In Accounting A subsidiary ledger_ i) Replaces the general ledger ii) Contains only summary entries iii) Provides detailed records supporting a control account iv) Is optional in all cases
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 5E: Post the following entry to the general ledger and the subsidiary ledger.
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A subsidiary ledger_
i) Replaces the general ledger
ii) Contains only summary entries
iii) Provides detailed records supporting a control account
iv) Is optional in all cases"
Transcribed Image Text:In Accounting
A subsidiary ledger_
i) Replaces the general ledger
ii) Contains only summary entries
iii) Provides detailed records supporting a control account
iv) Is optional in all cases
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