Each General Ledger Control Account Balance Must Equal the Composite

question 121

True/False

Each general ledger control account balance must equal the composite balance of the individual accounts in the related subsidiary ledger at the end of an accounting period.

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Definitions:

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound.

Frequency Theory

A theory in the study of hearing which suggests that the perception of pitch depends on the rate at which auditory nerve fibers are stimulated by the sound wave.

Pitch Perception

The aspect of hearing that allows the differentiation of sounds based on the frequency of their vibrations, discerning high sounds from low sounds.

Debate

A formal or informal discussion or argument involving opposing viewpoints on a particular topic or issue.