Choose the True Statement About Group Accounts and Subgroup Accounts

question 6

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:

Industrial Economy

An economy characterized by a significant weight of manufacturing, infrastructure, and services related to the processing and production of goods.

Low Productivity

A state where there is a lower output per unit of input, which may lead to decreased economic performance.

Education

The systematic process of facilitating learning, acquisition of knowledge, skills, values, beliefs, and habits.

Developing Countries

Nations with a lower level of material well-being, industrialization, and economic development compared to developed countries.