Choose the True Statement About Group Accounts and Subgroup Accounts

question 35

Multiple Choice

Choose the true statement about group accounts and subgroup accounts -

• A) the group account is selected when one account is the total for that name
• B) the subgroup selection is required when one account must stand alone
• C) the group accounts types are non- postable accounts
• D) the subgroup accounts are non-postable accounts

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Definitions:

Organizational Principle

Fundamental concepts or guidelines that dictate the structure, operation, and management of an organization, shaping its culture and functioning.

Efficiency

The ability to accomplish a task using the least amount of resources possible.

Calculability

The ability to assess or measure something quantitatively, often used in the context of evaluating efficiency, productivity, or performance.

Secondary Groups

These refer to groups characterized by formal, impersonal relationships and often have a specific goal or activity at their core.