Explain What Subsidiary Ledgers Are and Give Examples of Three

question 160

Essay

Explain what subsidiary ledgers are and give examples of three types of subsidiary ledgers that a business might use.

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Definitions:

Good Performance

The successful completion of tasks or achievement of objectives to the standards of the role or organization.

Relationships

Pertains to the manner in which individuals or entities are connected or relate to each other, often implying a state of connection involving emotional or professional ties.

Competence

The ability to do something successfully or efficiently, often referring to specific skills or knowledge.

Autonomy

The degree to which an individual has the freedom to make decisions and take actions without external control or influence.