How Many of These Are Advantages of Maintaining a Subsidiary

question 43

Multiple Choice

How many of these are advantages of maintaining a subsidiary ledger for depreciable assets?
It provides information for the preparation of income tax returns.
It provides information to support insurance claims in the event of loss from theft or accident.
It provides information concerning servicing of the assets.
It provides information for internal control over assets.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Goal Achievement

The process of setting, pursuing, and attaining objectives, often used within the context of personal or professional development.

Lead-The-Market

A compensation strategy where an organization aims to provide pay rates that are more competitive than the average industry or sector rates to attract and retain top talent.

Compensation Policy

Guidelines and principles that an organization follows to determine how employees are compensated, including salary, benefits, bonuses, and other types of pay.

Labour Markets

The supply and demand for labour, where employees provide the labour and employers provide the jobs, influenced by various economic factors.