All of the Following Are Advantages of Using Subsidiary Ledgers

question 113

Multiple Choice

All of the following are advantages of using subsidiary ledgers except they

• A) eliminate errors in individual accounts.
• B) free the general ledger of excessive details.
• C) show in a single account transactions affecting one customer or one creditor.
• D) make possible a division of labor.

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Definitions:

Price Competition

A market situation where businesses compete primarily on the price of their products or services.

Music Production Industry

The sector of the economy dedicated to creating, producing, and distributing music and sound recordings.

Airline Industry

A sector of the economy composed of companies and organizations involved in the business of transporting passengers and cargo by aircraft.

Complex Interdependence

Complex interdependence reflects a situation in international relations where states and their fortunes are interconnected through multiple channels, diminishing the relevance of military power.