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Postings Are Generally Made More Frequently to the General Ledger

question 103

True/False

Postings are generally made more frequently to the general ledger control accounts than to the individual accounts in the subsidiary ledgers.


Definitions:

Involuntary Dissolution

The forced dissolution of a corporation or partnership by court order, usually initiated by a shareholder or creditor.

Charter Amendments

Changes made to the charter of a corporation, oftentimes requiring approval from a governing body or the shareholders.

Plurality

A situation in elections where the candidate or party receives more votes than any other but does not achieve an absolute majority.

Quorum

The lowest number of participants that must attend a meeting to officially carry out business activities.

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