The Presence of a Subsidiary Ledger Requires the Presence of a Summarizing

question 101

True/False

The presence of a subsidiary ledger requires the presence of a summarizing control account in the general ledger.

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Definitions:

BCD

Binary Coded Decimal, a class of binary encodings where each digit of a number is represented by a fixed number of binary bits, commonly four or eight.

PL Output

PL Output refers to the output signals from a Programmable Logic (PL) device or system, controlling various devices based on programmed logic.

Energized

In electrical engineering and systems, energized describes a component or circuit that is supplied with power and is therefore active or operative.