A Subsidiary Ledger Is

question 68

Multiple Choice

A subsidiary ledger is

• A) used in place of the general ledger if the general ledger is destroyed or stolen.
• B) a group of accounts used by branches and subsidiaries of a corporate business.
• C) a group of accounts with a common characteristic that provides detailed information about a control account in the general ledger.
• D) used to post excess transactions if a general ledger account becomes full during an accounting period.

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Definitions:

Reliability

The degree to which a measurement, test, or instrument yields consistent results over time, contributing to its trustworthiness and accuracy.

Validity

The extent to which a test, measure, or research adequately reflects or assesses the specific concept it is intended to.

Indicators

Variables or metrics that are used to measure and evaluate specific processes, changes, or conditions in various contexts.

Constructs

A concept or model meant to help understand the world, often used to group various ideas or phenomena in psychology, sociology, and other social sciences.