Examlex
Which of the following statements is true of the sustainable approach to decoding?
Accounts Payable Subsidiary
A detailed ledger containing all individual creditor accounts, supporting the summary-level accounts payable figure in the general ledger.
Control Account
An account in the general ledger that summarizes and checks the accuracy of individual records in subsidiary ledgers.
General Ledger
A comprehensive set of accounts that records all transactions of a business, providing the foundation for financial statements.
General Ledger
The main accounting record of a company which uses double-entry bookkeeping, consisting of all balance sheet and income statement accounts.
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