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.

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Definitions:

Operation Of Law

Legal changes that occur automatically by application of law, without requiring action by any party.

War Breaks

Sudden onset of warfare or hostilities between nations or groups.

Travel Ban

Government-imposed restrictions on travel to or from specific countries or regions, often implemented for reasons related to public health, safety, or national security.

Liability

A legal obligation to compensate for the harm or damage one's actions have caused.