A Subsidiary Ledger Is

question 68

Multiple Choice

A subsidiary ledger is

• A) used in place of the general ledger if the general ledger is destroyed or stolen.
• B) a group of accounts used by branches and subsidiaries of a corporate business.
• C) a group of accounts with a common characteristic that provides detailed information about a control account in the general ledger.
• D) used to post excess transactions if a general ledger account becomes full during an accounting period.

---

Definitions:

Competitive Intelligence

The gathering and analysis of information about competitors, their activities, and industry trends to support strategic decision-making.

Canadian Standards Association

It is a standards organization which develops standards in 57 areas and provides certification and testing services to ensure the compliance of products to declared standards.

Safety Policies

Official documents outlining the procedures and guidelines to ensure the physical and psychological well-being of employees in the workplace.

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future conditions or events.