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.

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Definitions:

Intelligence

The ability to acquire and apply knowledge and skills, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, and problem-solving.

Logical Fallacy

An error in reasoning that renders an argument invalid, often used in persuasive speech to deceive or mislead.

VARK Score

A measurement derived from a questionnaire that identifies individual learning preferences across four categories: Visual, Aural, Read/Write, Kinesthetic.

Propose

To suggest a plan, idea, or action for consideration.