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:

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

International Cartel

An agreement among businesses or countries from different countries to control prices, limit competition, or divide markets.

Fix Prices

The practice of setting and maintaining prices at a certain level, often agreed upon by competitors or mandated by regulation, rather than allowing them to be determined by market forces.

Intel

A leading multinational corporation that specializes in the development of semiconductor chips and microprocessors used in computers.